According to the neoclassical convergence theory i) relatively poorer economies tend to growth faster than the relatively richer ii) and all economies converge at the same growth rate in the long term. The article investigates the income convergence process and the results show substantial failure of the convergence dynamics.
Teoria neoclassica della convergenza: una verifica empirica
Gaetano Perone
Primo
Writing – Review & Editing
2017-01-01
Abstract
According to the neoclassical convergence theory i) relatively poorer economies tend to growth faster than the relatively richer ii) and all economies converge at the same growth rate in the long term. The article investigates the income convergence process and the results show substantial failure of the convergence dynamics.File in questo prodotto:
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