Journal of International Economics, 40, 279-298, May 1996.
This paper examines the relationship between international trade and income convergence among countries by focusing on groups of countries comprising major trade partners. The majority of these trade-based groups exhibited significant convergence. Furthermore, a comparison of the trade-based groups with different country groupings (randomly selected, or according to other criteria) shows that the former were more likely to exhibit convergence than the latter. |
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