Pande, Rohini; Enevoldsen, Nils T. - National Bureau of Economic Research - 2021
Early tests of cross-country convergence found evidence only for conditional convergence. In contrast, with more recent … convergence culminating in absolute convergence since 2000. Additionally, they find suggestive evidence that one of the major … drivers of this trend is an underlying convergence towards development-favored policies. We discuss the implications of this …