technology is exogenous in the Solow model, all of the endogenous convergence dynamics take place through the adjustment of the … convergence of economies towards their steady-state paths. We find that the conditional convergence speed is about seven percent … panel econometric techniques produce downward-biased estimates of convergence speeds, while our approach does not. …

differentials. In addition, the commonly cited empirical result that the speed of conditional convergence is slower than predicted …