A Simple Measure of Beta-Convergence
We propose a simple measure of beta-convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950-1988. We find evidence of sigma-convergence but little or no indication of beta-convergence over the period.
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|Date of creation:||1995|
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Web page: http://www.maynoothuniversity.ie/economics-finance-and-accounting
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