Asymptotically perfect and relative conv
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Bart Hobijn; Philip Hans Franses
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Article
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2000
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John Wiley and Sons
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English
โ 206 KB
In this paper we examine the extent to which countries are converging in per capita productivity levels. We propose to use cluster analysis in order to allow for the endogenous selection of converging countries. We formally deยฎne convergence in a time series analytical context, derive the necessary