Heckelman, Jac C.; Young, Andrew T. - Department of Economics, College of Business and Economics - 2014
cross-country sigma convergence in the overall globalization index. Sigma convergence also holds for each of the economic … stochastic convergence, based on panel unit root tests, is only strong for the political globalization index. Regarding the … economic and social dimensions of globalization, respectively, we find evidence for stochastic convergence only in the flows …