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 …

also reveal a move to the common mid-point. Fractionally integrated time series models support the convergence thesis with … right-most and left-most party affiliates converging most rapidly. However, the convergence we find may be part of a … nonperiodic wave-like pattern were periods of convergence are alternated by periods of divergence. Future political conflicts may …

also reveal a move to the common mid-point. Fractionally integrated time series models support the convergence thesis with … right-most and left-most party affiliates converging most rapidly. However, the convergence we find may be part of a … nonperiodic wave-like pattern were periods of convergence are alternated by periods of divergence. Future political conflicts may …

focusses on the long memory parameter d that allows us to obtain different convergence classifications depending on its value … is that we find long memory mean reverting convergence, something that is also consistent with Pesaran et al (2009). In … explaining the speed of convergence as captured by the estimated long memory parameter d we find impediments to trade such as …

focusses on the long memory parameter d that allows us to obtain different convergence classifications depending on its value … that we find long memory mean reverting convergence, something that is also consistent with Pesaran et al (2009). In … explaining the speed of convergence as captured by the estimated long memory parameter d we find impediments to trade such as …

the timing and potential causes of the British Industrial Revolution, income „convergence? and the long run behaviour of …

-run coefficients from the micro relations. Finally, the approach advocated in the paper is applied to aggregation of life …