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-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
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, convergence, growth. …
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across the EU regions mostly concentrate on convergence in average per capita incomes, offering little evidence on how … to fill this gap, focussing on whether there has been convergence of income inequality among EU regions, and on to what … extent regional initial conditions and the Cohesion Policy funds affect the convergence process. Cross-section and panel …
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This study attempts to examine the growth pattern of China’s economy during 1978-1998 from the perspective of income distribution dynamics. Motivated by the model of dynamic distribution, a transition matrix is derived from a panel of ratios of provincial real incomes to national averages...
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