Article ID Journal Published Year Pages File Type
5062531 Economics Letters 2006 5 Pages PDF
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.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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