absolute convergence


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absolute convergence

n.
The mathematical property by which the sum of the absolute values of the terms in a series converge.
References in periodicals archive ?
It must be appreciated that while Islamabad also has obvious interest in a stable Afghanistan, it does not have an absolute convergence of strategic interests with the US anymore and no amount of diplomatic small talk can change the facts on ground.
For the estimation of absolute convergence, [beta] convergence, for the Western Balkans countries (Albania, Bosnia & Herzegovina, Macedonia, Montenegro, Serbia) is used the regression equation (4), where the dependent variable is the average annual growth of GDP per capita per each country for the period 1995-2015 and the independent variable is natural logarithm of 1995 GDP per capita per each country.
s] and c is bigger than the abscissa of absolute convergence of [phi](s).
Having pointed out the differences between these two variables, the objective of this study is twofold: on the one hand, focus is placed on the analysis of absolute convergence within EFE, employing, to this end, the techniques of sigma, beta and gamma convergence, taking the EU-15 countries as a reference in the period between 1987 and 2008.
Therefore, in the above formula, the regression results can be approximately estimated [beta], if the estimated [beta] results are greater than 0, which indicates that the test area in the time period T with absolute convergence.
This friendship had deep historical roots and was built on absolute convergence of interests that find expression in their united and principled stance on a whole range of international and regional issues etched in their collective memory, he added.
This friendship is deep historical roots and is built on absolute convergence of interests that findexpression in our united and principled stance on a whole range of international and regional issues etched in their collective memory.
The absolute convergence type is defined by Galor as follows: "per capita incomes of countries converge to one another in the long run independently of their initial conditions".
We test initially for absolute convergence in wages.
Many authors deal with the subject of convergence and usually two types of convergence between different economies can be defined; these are absolute convergence and conditional convergence.
This null hypothesis implies relative convergence (conditional convergence) rather then absolute convergence (convergence in level).
Alternatively, for an analytic argument, the rearrangement is justified by absolute convergence.