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Dispersion
and Convergence in Regional Incomes
Is there
a tendency for convergence in regional per capita incomes? How severe
are disparities in regional incomes?
The answers
to these questions are relevant for policy makers in choosing how to address
disparities in regional per capita incomes and to the Bank when giving
policy advice. If convergence is judged to be sufficiently fast, then
no interventions may be considered necessary, if too slow, then direct
interventions to reduce dispersion in subnational regional incomes may
be a priority. With the increasing concerns about ensuring the widespread
benefits of economic growth, there has been a resurgence of interest in
this topic. In this section we present the results from a number of econometric
studies on interregional convergence and statistical information on dispersion
in interregional incomes for both developed and developing countries.
In addition we provide selected readings on techniques for analyzing and
measuring convergence.
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