Various econometric specifications and levels of data aggregation have yielded different results for labor productivity convergence. However, few studies have modeled convergence while formally accounting for regional spatial interactions, notwithstanding a wide recognition of their importance...

Various econometric specifications and levels of data aggregation have yielded different results for labor productivity convergence. However, few studies have modeled convergence while formally accounting for regional spatial interactions, notwithstanding a wide recognition of their importance...

This paper provides empirical evidence of the role of spatial factors on the determination of inflation dynamics for a representative set of tradable commodities in Chile. We present a simple model that explains inflation divergence across regions in a monetary union with similar preferences as...