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Measuring Convergence

Posted Mar 13 2013 12:00am

Is regional variation in healthcare spending converging or diverging over time?  How would you know?   How would you measure convergence?

A paper by Panopoulou and Pantelidis (2013 ) answers just such a question.  They define 3 types of convergence.  These include beta convergence, sigma convergence, and stochastic convergence.   I explain each one below.

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