absolute convergence


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absolute convergence

[′ab·sə‚lüt kən′vərj·əns]
(mathematics)
That property of an infinite series (or infinite product) of real or complex numbers if the series (product) of absolute values converges; absolute convergence implies convergence.
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When country fixed effects are not jointly statistically different from zero, an absolute convergence model (Model A) has been estimated by (robust variance) OLS as follows:
For instance, Barro and Sala-i-Martin (1992), and Mankiw, Romer, and Weil (1992) reject absolute convergence for a diverse group of countries in the global context but do not reject its occurrence for regions like OECD countries, where technologies, preferences and other social structures are more or less similar.
Using a binomial expansion and interchanging the summations, which is justified by absolute convergence for [sigma]> 1 /2, we obtain Eq.
The following result gives necessary and sufficient conditions for the absolute convergence of a double series.
Absolute convergence is based on neoclassical growth models for closed economies as presented by Solow (1956).
In the case of absolute convergence, we have uniform convergence of the Fourier series and [[psi].
I would say we have gone even further this year, there is an absolute convergence of Madison, Vine and Pennsylvania Avenue," said Larry Woodard, President and Chief Strategy Officer of Vigilante.
It represents the absolute convergence of shareholder and client interest at a time when the industry seems to have forgotten both.
By comparing the equilibrium and actual stocks of FDI in 1985 with those in 1995, the authors find that there was no absolute convergence in the regions' equilibrium stocks of FDI, but there was relative convergence in the deviation of actual from equilibrium FDI.
Lanier, was not based on any conjecture, but on the complete and absolute convergence of every kind of evidence relating to them both.
The President said PakistanChina relationship was founded on absolute convergence of interest that found expression in their united and principled stance on a host of international and regional issues.
Empirical work in a cross section framework demonstrates little or no support for absolute convergence in per capita GDP.