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This always makes me wonder what the mechanisms would be, that would create convergence. Diminishing returns to capital, given labour, as in Solow? Or migration and diminishing returns to labour, given land, as in Ricardo/malthus?

Nick: I suppose another question that would spring to my mind is how much of the regional convergence in household disposable income is a function of the impact of tax and transfer systems that came into play after WWII at both the individual (employment insurance, pensions) and intergovernmental level (transfer payments).

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