. We assess the role of these external effects in explaining growth and economic convergence. We present a simple growth …

of these effects in a growth equation may downward bias the estimated rate of convergence by assingning the effect of … regional externalities to the convergence parameter. We propose the use of spatial econometrics techniques to test and estimate …

This paper analyses banking convergence, measured through the ratios of deposits and loans to GDP, across 65 countries …, compares it with per capita income convergence, and tests its effect on real convergence. The focus of the paper is the group … convergence among these countries with that reached by other 17 potential convergence clubs around the world (including the EU-27 …

factors are also shown to speed up technology convergence thereby confirming previous empirical studies. Our estimates tackle …

Unit roots in output, an exponential 2 per cent rate of convergence and no change in the underlying dynamics of output … (conditional and unconditional) convergence suit first step approximation. We show both theoretically and empirically how the … uniform 2 per cent rate of convergence repeatedly found in the empirical literature is the outcome of an underlying parameter …

differences and convergence among European countries, which have become important issues since the birth of the European monetary … of the nineties, we find weak signs of convergence within the euro area; again Italy differs and shows a slower and more …

previous estimates. Further, this new evidence is used to analyze the evolution of regional inequality and convergence in the … feature in the regional distribution of output. Therefore, in the long run no evidence of regional convergence in the Spanish …

regional level. The convergence process observed until the late seventies was exhausted onwards in coincidence with important … (in our opinion) richer approach to the traditional convergence analysis, where the evolution of the whole regional … convergence analysis. …