![]() These findings, together with similar findings for many other economies, pose significant problems for the theoretical assumptions of the neoclassical growth model with exogenous technical change. Our empirical results reject the convergence hypothesis in all cases. McCann: Modern Urban and Regional Economics Exercises / Problem sets. Three issues are being considered: (i)if there is regional convergence, (ii) if there is a North-Southern divide, (iii) if Greece is converging with the other economies taking part in the European integration project. View 0.11 Exercises Oxford.pdf from ECON 144 at University of California, Berkeley. paper tests unconditional and conditional β-convergence for the Greek economy. This Book have some digitalformats such us : kindle, epub, ebook. file Mccann Philip Modern Urban And Regional Economics Book Free Download PDF at Our eBook Library. It's free to register here toget Mccann Philip Modern Urban And Regional Economics Book file PDF. Following this theoretical framework a number of empirical tests (σ or unconditional β or conditional β-convergence) has been developed. Happy reading Mccann Philip Modern Urban And Regional Economics Book everyone. It derives from the very fundamental properties of the neoclassical single-sector growth model, and its assumption of diminishing returns to scale. The convergence hypothesis is a popular tenet in modern discussions in macroeconomics and regional economics.
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