In this article, we propose to evaluate the robustness of the main indicators of international financial integration by indicating their principal results as well as their limits. Empirical studies, whatever the indicator of integration which is chosen, conclude that the recent period is...

The variance in the logarithms of per capita GDP in purchasing-power-parity prices increased in the world from 1960 to 1968 and decreased since the mid 1970s. In the later period the convergence in intercountry incomes more than offset any increase in within country inequality. Approximately...

In this paper we applied the dynamic system theory to the measurement of the stability of the European process of convergence. In particular, Lyapunov’s exponents are used to verify the influence of political and economic decisions made during the creatio

This paper gives estimates of sectoral markup trends over the last three decades. It concludes with a slight increase of price-cost margins overall, contrary to the generally expected effect of increased competition. More strikingly, it establishes a clear pattern of markup convergence across...

Festschrift literally means “celebration-writing” in German. And that is what this volume is. It celebrates the remarkable career of David Slater, which in the best Queen’s University tradition of John Deutsch and Clifford Clark spanned academia and public service, on the occasion of his...

Festschrift literally means “celebration-writing” in German. And that is what this volume is. It celebrates the remarkable career of David Slater, which in the best Queen’s University tradition of John Deutsch and Clifford Clark spanned academia and public service, on the occasion of his...

The North-South gridlock is explored in more depth in the paper by Kathleen Macmillan. She notes that statements from Western political leaders, under pressure from increasingly vocal protestors, emphasizing the potential of trade liberalization to alleviate poverty in the developing world, have...