Chen, Gongyu; Higson, Chris; Holly, Sean; Petrella, Ivan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
the speed of convergence indicates the strength of competitive forces. It is widely believed that, in some sense, the … project was to accelerate the process of economic convergence and, presumably, of competitive convergence. This paper examines … the process of competitive convergence in profitability of listed companies in 7 countries of the European Union. We cast …