There have been many tests of the convergence hypothesis yielding many different estimates of β (the speed of convergence). Narrative reviews of the convergence literature hint at possible reasons for the study-to-study variation in the value of β, but such reviews are selective and informal....

This paper presents new evidence on the relationship between corruption and income inequality. Using a panel data methodology, we find that lower corruption is associated with higher income inequality in Latin America. This result is in contrast to other empirical studies but it makes sense in...