Does Bilateral Trade Lead To Income Convergence? Panel Evidence
Through panel-data regressions, we found that both per capita income level and growth turn out to converge when the trade intensity ratio increases between the countries. Geographical proximity and language similarities also turn out to be associated with convergence in both income level and growth.
Volume (Year): 34 (2009)
Issue (Month): 1 (June)
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- Carlino, Gerald A. & Mills, Leonard, 1996.
"Testing neoclassical convergence in regional incomes and earnings,"
Regional Science and Urban Economics,
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