According to the ‘convergence hypothesis’, multinational companies will tend to displace national firms and trade as … measures are then used to test the convergence hypothesis for a panel of data of country pairs over the years 1985-96. Our … results provide some empirical support for the convergence hypothesis. …

countries. Moreover, it does not necessarily yield convergence in levels for identically parameterized economies. All in all …

We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical … costs to increase reduces followers' growth rates and thereby generates a pattern of conditional convergence. We discuss how …

I argue in this paper that the `speed of convergence' estimated in recent works on `convergence' does not capture … `actual' convergence towards a steady state, but rather conditional dynamics towards a moving target. Although this … conditional convergence can be taken to imply that there are decreasing returns to such storable assets as physical and human …

lower income. We analyse the effect of different integration sequences on industrial location and convergence during the …

Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …

West Germany being admitted to the `convergence club'. The role of the Currency Reform, associated price liberalization and … convergence to US levels of productivity stopped. By contrast, Germany was able to maintain its share of world export markets …