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 …

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

This report revisits the growth and convergence performance of the 11 EU member states in Central, East and Southeast … growth. The findings show that convergence has significantly slowed since the global financial crisis, with value added …