Heterogeneous Technology and the Technological Catching-up Hypothesis : Theory and Assessment in the case of MENA Countries

@inproceedings{Serranito2012HeterogeneousTA,
  title={Heterogeneous Technology and the Technological Catching-up Hypothesis : Theory and Assessment in the case of MENA Countries},
  author={Francisco Serranito},
  year={2012}
}
  • Francisco Serranito
  • Published 2012
Stochastic convergence implies that the convergence hypothesis will be rejected if the income differential is not stationary. However, this definition is valid only if the convergence process between the two countries is already over. If we take into account the possibility of a catching-up then poorest countries should obtain a faster growth than developed… CONTINUE READING