We show in this paper that spatial dependence and spatial heterogeneity matter in the estimation of the b-convergence … dependence and spatial heterogeneity in the form of structural instability across spatial convergence clubs. The estimation of … the appropriate spatial regimes spatial error model shows that the convergence process is different across regimes. We …

to the concepts of ƒã- and ƒÒ-convergence and emphasizes the importance of including spatial effects and a disaggregated … analysis at a sectoral level. We detect a significant -convergence only in aggregate labor productivity and in the services … sectors among peripheral regions. We also show that omitting spatial effects leads to biased measures of -convergence. We then …

development and convergence rates based on Real GDP (application of methodology testing ß and ? convergence to the set of …

development issues across four socio-economic dimensions: • level of economic development and convergence rates based on real GDP … (application of methodology testing ß and ? convergence to the set of countries analyzed); • quality of life and its components …

-called real convergence accompanies nominal convergence, and that there is synergy rather than a trade-off between the two. The … incumbents should replace their 'don't rush' advice by active encouragement of NMS to proceed with fast nominal convergence in …