The paper analyzes the convergence behavior of the open-economy neoclassical growth model with one type of capital …. Capital investment is assumed to be subjected to the costs of adjustment. The dependence of the convergence coefficient on the …

The neoclassical growth model accords with empirical evidence on convergence if capital is viewed broadly to include … convergence than those observed empirically, however. We show that the open economy model conforms with the evidence if an economy …

After arguing that the concepts of b-convergence and s-convergence are independently interesting, this paper extends … the empirical evidence on regional growth and convergence across the United States, Japan, and five European nations. We … confirm that the estimated speeds of convergence are surprisingly similar across data sets: regions tend to converge at a …

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We … build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external …

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We … build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external …