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In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence … sigma-convergence cannot be detected at the county-level across the U.S., or within the large majority of the individual U …
Persistent link: https://www.econbiz.de/10014026226
In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence … sigma-convergence has not occurred at the county-level across the U.S., or within the vast majority of the individual U …
Persistent link: https://www.econbiz.de/10014029829
Persistent link: https://www.econbiz.de/10012582552
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
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