We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU … financial world” has an impact on business cycles and contributes to business cycle convergence via the consumption …, similar portfolios contribute to a convergence of business cycles - via a convergence of consumption cycles. This turns out to …

This paper analyses banking convergence, measured through the ratios of deposits and loans to GDP, across 65 countries …, compares it with per capita income convergence, and tests its effect on real convergence. The focus of the paper is the group … convergence among these countries with that reached by other 17 potential convergence clubs around the world (including the EU-27 …

mechanism of per capita income convergence among countries. This paper analyzes the per capita income convergence implications … to the effect of FDI on growth is ambiguous. By applying the approach of Ben-David (1996), which focuses on convergence … among countries grouped with respect to their mutual trade, this paper presents evidence that per capita income convergence …

The paper estimates equations for regional income convergence in selected EU countries and their NUTS 3 level regions … absolute income convergence between regions in both the groups of countries looked at, the countries of the EU15, or the old … member states, and the new member states or NMS. When national effects are included in convergence equations using country …

regional income data are available. We subsequently use our estimation results for an out-ofsample prediction of regional … approximately 71-80% of all countries face sigma-convergence. Finally, we study different major determinants of the level of ….e., the determinants of the convergence process. We find evidence for an N-shaped relationship between development and …