constant returns to scale models. Convergence as well as divergence is possible, in general, depending on the assumptions about … conditions divergence, convergence or a stable centre-periphery structure emerge. The model allows for different degrees of …According to New Growth Theory one can not rely on the convergence mechanisms inherent in traditional neoclassical …

, better answers the issues raised in terms of economic convergence and divergence by these two sets of models. …

barriers to trade together with product imitation can foster growth and convergence in the member countries. However, in order …

barriers to trade together with product imitation can foster growth and convergence in the member countries. However, in order …

, better answers the issues raised in terms of economic convergence and divergence by these two sets of models. …

barriers to trade together with product imitation can foster growth and convergence in the member countries. However, in order …

, better answers the issues raised in terms of economic convergence and divergence by these two sets of models. …