The mechanism central to the concept of convergence is that, by the adoption of superior technological advancements of …

estimate the half life of convergence to be approximately 9 years. The following hypotheses are investigated as explanations … for the slow convergence: (i) Arbitrage impediments induced by transportation costs, and (ii) and the inclusion of … upper bound on convergence rates that participants in European Monetary Union may experience. …

differences among these catching-up economies, with particular attention to their process of convergence towards the eurozone … convergence is different: the Czech Republic seems to have reached a relative convergence, while for the other countries we have … that the process show a tendency towards convergence. …

This paper presents some Monte Carlo results on the dependence on n and T of the convergence in probability and …

This paper examines the convergence process of industrial productivity between Chinese regions. Both σ- and β …- and β-convergence methods fail to detect productivity convergence over the whole sample period, although they suggest … convergence during a sub-period 1985-1990. The estimates of a human capital enhanced production function, with the constant return …

dynamics since the 1970s. In this paper, we examine economic growth, inequality, convergence, structural change and social …