Duran, Hasan Engin - 2010 - First draft: June 2010
Since early 90s, the issue of income convergence across regions has been widely discussed in a number of papers, both … cycle. In the few papers that tackle this issue it is generally found that income disparities follow a pro-cyclical pattern … income disparities linear or, rather, nonlinear. Second, what are the mechanisms and economic reasons behind the cyclical …