Many scholars predict that China will soon challenge the United States for global primacy. This prediction is largely based on power transition theory, which assumes that rising challengers inevitably ...

During a major crisis, the transitional dynamics of conditional convergence are unlikely to apply. In this paper, we introduce a Markov chain approach which integrates the study of crises and ...

While economic theory highlights the usefulness of flexible exchange rates in promoting adjustment in international relative prices, flexible exchange rates also can be a source of destabilizing ...

In the growth literature, evidence on income convergence is mixed. In the development literature, health and education indicators are also often used. This study examines whether health and education ...

In this article is investigated the issue of total factor productivity convergence through international technological diffusion on disaggregate manufacturing panel data from 1970 to 1995 with respect ...

This study focuses on wage convergence among the member states of the European Union by addressing three important questions. First, is there average wage convergence in European Union regions? Second ...