We examine economic convergence among subnational regions of Bangladesh over the period 1992-2013. Unavailability of the traditional gross domestic product (GDP) for subnational areas and building on findings of recent luminosity literature, we use night lights intensity as a proxy for local...

We analyse economic convergence across 64 districts of Bangladesh using newly harmonized satellite night light data over 1992-2018. The growth in night lights – taken as a proxy for regional economic activity – reveals overwhelming evidence of absolute convergence. Regional differences in...

The Quantity Theory of Money claims to provide one of the few long-run guides to economic policy by providing specific numbers to characterise the correlation between money growth and inflation. Acceptance of the Quantity Theory has been greatly helped by the claim, propounded most effectively...