(d) Create a subsample of countries and check the convergence hypothesis for this sub-group countries? (Hint:...

 

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(d) Create a subsample of countries and check the convergence hypothesis for this sub-group countries? (Hint: you can create sub-group in different ways, for example, top and bottom 30 countries; using regional group, (e) Why does economist expect income convergence between developed and developing countries? Based on your findings of question c and d, why some countries able to convergence but others could not? What's factors would you look for explanation? C H! ENTIN C d the (d) Create a subsample of countries and check the convergence hypothesis for this sub-group countries? (Hint: you can create sub-group in different ways, for example, top and bottom 30 countries; using regional group, (e) Why does economist expect income convergence between developed and developing countries? Based on your findings of question c and d, why some countries able to convergence but others could not? What's factors would you look for explanation? C H! ENTIN C d the

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Answer The term convergence in economics refers to the hypothesis that poorer economies per capita incomes will tend to grow at faster rates than richer economies When countries with lower levels of G... View the full answer