• Table of Contents


Steven N. Durlauf and Paul A. Johnson
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
Back to top


One of the most widely studied empirical questions in the new growth economics concerns the role of initial conditions in affecting long-run outcomes. The statistical formulation of this dependence is known as convergence. This article surveys empirical work on convergence, with emphasis on the relationships between conventional definitions of convergence, the main statistical frameworks of evaluating convergence, and various economic models.
Back to top


Back to top


Back to top

How to cite this article

Durlauf, Steven N. and Paul A. Johnson. "convergence." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 13 October 2015 <http://www.dictionaryofeconomics.com/article?id=pde2008_C000534> doi:10.1057/9780230226203.0313

Download Citation:

as RIS | as text | as CSV | as BibTex