Williamson, Jeffrey G.; O'Rourke, Kevin H.; Hatton, … - 2021
late 19th century. The convergence was pronounced as that which we have seen in the post World War Il period. This paper … uses computable general equilibrium models to isolate the sources of that economic convergence by assessing the relative … 1870 and 1910, the convergence forces that mattered were those that generated by commodity price convergence, stresses by …