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[rho]-convergence

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  • Lucke, Bernd

Abstract

I suggest a concept of convergence stronger than [sigma]-convergence. This concept, [rho]-convergence, is equivalent to [beta]-divergence in reverse time and implies bounds for convergence speed of merely [sigma]-convergent economies. Empirically, the [rho]-concept detects divergence earlier than the [sigma]- or [beta]-concept.

Suggested Citation

  • Lucke, Bernd, 2008. "[rho]-convergence," Economics Letters, Elsevier, vol. 99(3), pages 439-442, June.
    • Handle: RePEc:eee:ecolet:v:99:y:2008:i:3:p:439-442
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    References listed on IDEAS

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    1. Wodon, Quentin & Yitzhaki, Shlomo, 2006. "Convergence forward and backward?," Economics Letters, Elsevier, vol. 92(1), pages 47-51, July.
    2. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    3. Xavier Sala-I-Martin, 1997. "Transfers, Social Safety Nets, and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 81-102, March.
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    Cited by:

    1. Sarah Sanya & Mr. Montfort Mlachila, 2010. "Post-Crisis Bank Behavior: Lessons From Mercosur," IMF Working Papers 2010/001, International Monetary Fund.

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