The Classical Approach to Convergence Analysis

Xavier Sala-i-Martin

Economic Journal, 1996, vol. 106, issue 437, 1019-36

Abstract: The concepts of sigma-convergence, absolute beta-convergence and conditional beta-convergence are discussed in this paper. The concepts are applied to a variety of data sets that include a large cross-section of 110 countries, the subsample of OECD countries, the states within the United States, the prefectures of Japan, and regions within several European countries. Except for the large cross-section of countries, all data sets display strong evidence of sigma-convergence and absolute beta-convergence. The cross-section of countries exhibits sigma-divergence and conditional beta-convergence. The speed of conditional convergence, which is very similar across data sets, is close to 2 percent per year. Copyright 1996 by Royal Economic Society.

Date: 1996
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Related works:
Working Paper: The Classical Approach to Convergence Analysis (1995)
Working Paper: The Classical Approach to Convergence Analysis (1995)
Working Paper: The classical approach to convergence analysis (1995)
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