Gömleksiz, Mustafa; Şahbaz, Ahmet; Mercan, Birol - In: Economies : open access journal 5 (2017) 3, pp. 1-16
Solow (1956) has made an essential contribution to the Neo-classical growth approach through the economic convergence hypothesis. It assumes that poorer countries’ or regions’ per capita incomes tend to grow at faster rates than the richer ones. Convergence could occur either among a group...