The aim of this paper is to discuss the process of regional convergence within the framework of an overlapping … education funding systems and compare their performance in terms of growth rates and pace of convergence between two …-off between long run growth rate and short run convergence. In such choice, the initial capital stock and the extent of regional …

-skilled workers from extreme poverty in the short-run, it prevents income convergence between developed and developing nations in the …

. Volatility is shown to depend on the speed of convergence of the cyclical component, the expected length of a cycle and on the …