...Delia Cornea; Sébastien Michel Lemeunier Purpose This study analyzes whether recent evolutions in the card payments landscape are characterized by a convergence process among European countries, distinguishing between payments initiated at the physical point of sale and those initiated remotely...

... technology evolves endogenously through recursive persistence and data-driven learning. The model modifies the traditional MRW structure by embedding a feedback mechanism and derives new conditions for convergence, divergence, and stability. Findings The equilibrium rate of technological progress depends...

...Thanh Pham Thien Nguyen; Son Nghiem; Abhishek Singh Bhati Purpose This study tests convergence in energy diversification, per-capita income and financial development and explores their interrelationships. Design/methodology/approach Club convergence tests, Granger tests and panel regressions...

...Cosimo Magazzino; Marco Mele; Nicolas Schneider Purpose The purpose of this paper is to empirically test the economic convergence that operate between five selected Asian countries (namely Thailand, Singapore, Malaysia, the Philippines and Indonesia). In particular, it seeks to investigate how...

... with the best performing banks. Beta-convergence and sigma-convergence exist among banks with faster speed evident among listed and local banks. Intellectual capital has a positive impact on SBM-TE and human capital is the main driver of technical efficiency among banks. This result is specifically evident...

...Arfat Ahmad Sofi; Raja Sethu Durai S. Purpose The purpose of this paper is to investigate convergence hypothesis in a balanced panel of 22 Indian states for the time period of 1980-81 to 2010-11 by applying nonparametric model setting in a panel framework. Design/methodology/approach...

...Gregory J. Brock Purpose – Has the Mexican inter-regional growth and convergence experience also occurred within single regions? Using the important southern region of Veracruz, the purpose of this paper is to examine this question over a 48-year period within a single Mexican state. Design...

... and thereby follow the path of income convergence. Of particular interest is to test whether partial openness (i.e. formation of RTAs) or openness or political conditions are conducive to economic growth among the member countries of RTAs. The paper aims to discuss these issues. Design/methodology...

... into the dynamics of regional and national cohesion among the EU‐14 countries studied. Design/methodology/approach Initially, inequality is decomposed using the Theil coefficient into between and within country inequality to assess the extent to which convergence has occurred. To investigate the underlying...

...Panagiotis Artelaris; Paschalis A. Arvanitidis; George Petrakos Purpose The purpose of this paper is to investigate convergence or divergence trends at global scale. Design/methodology/approach The paper questions the methodology and findings of the conventional convergence literature using...

...Bernd Kempa This paper investigates whether Europe is converging towards becoming an optimum currency area. To this end, a structural vector autoregression with exclusively long‐run exclusion restrictions is employed on European bilateral real exchange rates, relative CPIs and real output...

...Mark J. Holmes Tests for long‐run macroeconomic convergence among European Union (EU) countries according to the various exchange rate regimes that have prevailed over the last 40 years. Applying a recently developed test to the monthly index of industrial production data, output convergence...

...Serge Coulombe; Jean‐François Tremblay Proposes an empirical analysis of regional convergence in Canada based on the growth model of Barro et al. In an open economy with perfect capital mobility, if domestic residents cannot borrow abroad with human capital as collateral, the dynamics of human...

...Chulho Jung; Khosrow Doroodian Hourly labor costs in the manufacturing sector of seven EC countries, the USA and Canada are used to test the factor price convergence (FPC) by employing Johansen’s multivariate cointegration tests. We also examine if there is a two‐way causality in wages between two...

...Eleanor Doyle; Eoin O’Leary New evidence is presented on the degree of aggregate and sectoral labour productivity convergence among 11 EU countries between 1970 and 1990. As with studies for other groups of countries, it is found that there is a greater degree of aggregate than sectoral convergence...

...Donal Bredin; Stilianos Fountas The paper tests for long‐run monetary policy convergence and short‐run policy interactions in seven ERM countries over the 1979‐1992 period using the approach of multivariate cointegration and Granger‐causality tests. The authors provide evidence for very little...

... of changes in Ireland’s sectoral employment structure to labour productivity convergence between Ireland and the EU average from 1970‐1990. Identifies the variation in Irish sectoral employment distribution over time as a significant source of labour productivity convergence. Ireland’s labour productivity...

...Eoin O’Leary Uses a specially constructed data set to present new evidence on the convergence performance of Ireland among European Union (EU) countries at the aggregate, sectoral and industry levels for the period 1960 to 1990. Overall, aggregate convergence occurred among the EU 12 over...