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convergence. We apply three approaches to convergence – beta-convergence, sigma-convergence and quantile-convergence (q-convergence … check if countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the …
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Among the many concerns over globalization is that as nations compete for mobile firms, they will relax labour standards as a method of lowering costs and attracting investment. Using spatial estimation on panel data for 148 developing countries over 18 years, we find that the labour standards...
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The cross-country convergence hypothesis is one of the central topics of long-run macroeconomics. This paper revisits … beta convergence is first documented. Next, the paper incorporates some recent developments from the unsupervised machine … learning literature to evaluate the existence of local convergence. In particular, the application of a distribution …
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