This paper focuses on the question of income convergence among countries. The convergence methodology used here differs from the common cross-sectional approach. While this study provides some evidence in support of Baumol's finding of convergence clubs among the world's wealthiest countries, it also finds strong evidenceof a preponderance of convergence clubs among the world's very poorest countries. |
|
|
|
![]() |
|
To read or print the .pdf file, you need the Adobe Acrobat Reader, which can be obtained free of charge from: Adobe. |