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| Author: | Cannon, E. Duck, N. |
| Title: | Galton's fallacy and economic convergence |
| Journal: | Oxford Economic Papers
2000 : APR, VOL. 52:2, p. 415-419 |
| Index terms: | ECONOMIC CONVERGENCE USA EUROPE |
| Language: | eng |
| Abstract: | Friedman (1992) argues that regressing cross-country income changes on their final levels can be informative about o-convergence (the tendency for the dispersion of income levels to narrow) whereas a similar regression on initial levels of income cannot be. The authors of the present article show that Bliss's (1999) dismissal of this argument is in error. |
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