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Culture, institutions and the long divergence
During the medieval and early modern periods the Middle East lost its economic advantage relative to the West. Recent explanations of this historical...
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Measuring macroeconomic convergence and divergence within EMU using long memory
This paper tests for convergence of EMU inflation rates and industrial production by testing for the existence of fractional cointegration relations....
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The Great Divergence II: China
This chapter focuses on the other side of the Great Divergencethe Great Divergence, namely China. While many scholars provide various explanations to...
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Processes of Convergence and Divergence in the Russian-Ukrainian Border Area
AbstractThis paper focuses on the analysis of convergence and divergence as modern social and economic processes on the territory of the...
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Networks and Interconnections in an Era of Trending Divergence
Nowadays, economies and societies are experiencing greater connectivity, which results in positive and negative implications for economic constructs...
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Comparative European Institutions and the Little Divergence, 1385–1800
Why did the countries that first benefited from access to the New World – Castile and Portugal – decline relative to their followers, especially...
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Spread Too Thin: REIT Asset Dispersion and Divergence of Opinion
In this paper we explore the drivers and implications of divergence in investor opinion of firm value. We use dispersion in analyst estimates of Net...
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Increasing Global Divergence
The dramatic events just evoked reflect the end of what I would call “the old global convergence”, now lost. Let’s try to explain the concept.
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Services sector growth and interstate income divergence in India
One distinctive characteristic of an acceleration in the services sector in India is that only a few segments within the overall services sector have...
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Divergence and club convergence in NATO
This study examines whether there is convergence in military expenditures among NATO countries by using Philips and Sul (Econometrica 75:1771–1855,...
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The Great Divergence I: The West
The lasting material prosperity in ancient China has impressed many economic historians. In Maddison’s research, China possessed a leading position...
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Divergence of Anti-pandemic Policies: Origin and Development
Looking back to the COVID-19 prevention and control strategies in Hong Kong, Shanghai, and Singapore, these three megacities have developed different...
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Devolution in the U.S. Welfare Reform: Divergence and Degradation in State Benefits
The passage of the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) in 1996 devolved responsibility for the design of welfare...
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The Great COVID-19 Divergence: Managing a Sustainable and Equitable Recovery in the EU
The COVID-19 pandemic has led to the biggest global recession since the Second World War. Forecasts show the European Union underperforming...
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Economic-Demographic Interactions in European Long-Run Growth
This review uses Malthus’ model of the preindustrial economy to structure the cliometric literature on the interaction of European population with...
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Long Waves and Accumulation Regimes
Changes in the international monetary system do not happen arbitrarily. They occur typically during periods of structural crisis and amidst shifts in...
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Natural Resources and Divergence A Comparison of Andean and Nordic Trajectories
Is the 'natural resource curse' destiny? Are different ways to link natural resources and economic development? Using two particular regions as case...
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The Divergence Between China and Japan
In this chapter, I perform a qualitative and quantitative comparison of the monetary regime between China and Japan. Then, I ask and try to answer...
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The Long and Widening Gap: Analyzing Structural Breaks in Argentina’s Economic Decline
During the late 1800s and early 1900s, Argentina was among the ten richest economies in terms of gross domestic product per capita with the United...
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Regional income convergence in Colombia: population, space, and long-run dynamics
We examine the trajectory of regional income dynamics in Colombia. Using data on all 33 Colombian departments from 2000 to 2016, we employ extensions...
