Morales-Zumaquero, Amalia - 2014
This paper investigates the convergence in real Gross Domestic Product (GDP) growth focusing on the impact of financial … flexible) on convergence. To that end, we compute four convergence indicators (σ-convergence, γ-convergence, absolute β-convergence … and conditional β-convergence), for 163 countries classified into four income groups during the 1970-2011 period. Results …