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Convergence forward and backward?
- Source :
- Economics Letters. 92:47-51
- Publication Year :
- 2006
- Publisher :
- Elsevier BV, 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.
Details
- ISSN :
- 01651765
- Volume :
- 92
- Database :
- OpenAIRE
- Journal :
- Economics Letters
- Accession number :
- edsair.doi...........bcc3998fe9ef06b7d45153a156e00507
- Full Text :
- https://doi.org/10.1016/j.econlet.2006.01.014