... 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...

...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...