In the paper we analyze the convergence process of the West German Laender from 1970 to 1995 using descriptive tools as well as panel estimation methods. Although there have been some winners in this process, the main finding is that convergence was insufficient in the sense that no gains have...

What are the drivers of growth and convergence in productivity at regional level? Differences in the stock of human capital across regions are hypothesized to be the major cause of differences in the speed by which following regions converge and catch-up with the most advanced ones. In addition,...

The study tries to test the convergence hypothesis in agricultural output by using district level output data over the period 1971 to 2010. Both exploratory (growth analysis with the help of summary statistics and mapping) and confirmatory approaches have been adopted (formal tests: sigma and...

The objective of this paper is to test the unconditional convergence (β and σ convergence, Barro and Sala-i-Martin, 1995) across 15 major Indian States from 1980-81 to 2010-11, and to explore the proximate reasons for the growing regional inequality. The present piece of work also carried out...

The feasibility of infrastructure-driven economic growth nowadays unanimously is accepted among the academicians especially in the developing countries. But the problem of this hypothesis is that there is a likelihood of regional growth variability caused by unbalanced public investment on...

The purpose of this paper is to propose a new empirical model capable of highlighting some aspects of cross-economy convergence which cannot be caught by the popular beta-convergence and sigma-convergence models. The idea is to analyse the growth of the economies as a function of the distance...

This paper is mainly concerned with the analysis of regional house price cycles. Based on a newly available data set consisting of the 40 largest U.S. Metropolitan Statistical Areas (MSAs), we introduce a wavelet transform based metric to study the housing cycle synchronization across MSAs. We...

In this study we present a statistical analysis of the time series properties of the geographic regions in the OFHEO U.S. house price database. We perform an unobserved components, structural time series analysis of 9 regional indexes and super-regional factors and fit a classic 'smooth trend...

In the paper we assess the convergence hypothesis for the Italian economy over the period 1951-2000, using a new methodological approach. The approach is based on a two-step recursive principal components estimator, allowing to monitor the progress of the convergence process over time and to...

We apply Peseran (2007) pairwise approach of convergence to 195 European regions for the period 1980-2002. An index of convergence shows a decline in the average per capita output gap over the period, mainly by convergence between regions of different countries. Next, we estimate the share of...