Title of article :
Convergence forward and backward?
Author/Authors :
Quentin Wodon، نويسنده , , Shlomo Yitzhaki، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
This note clarifies the relationship between β-convergence and σ-convergence in a univariate setting. In such a setting, σ-convergence implies β-convergence, but β-convergence does not imply σ-convergence. The results imply that caution should be used for the interpretation of the very concept of β-convergence in empirical work.
Keywords :
Convergence , growth
Journal title :
Economics Letters
Journal title :
Economics Letters