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Convergence forward and backward?

Authors :
Quentin Wodon
Shlomo Yitzhaki
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