Showing 1 - 10 of 36
-country differences in inequality permanent, or gradually narrowing? Equivalently, is there convergence not just in the first moment of … individual income (GDP per capita), but convergence in distribution? …
Persistent link: https://www.econbiz.de/10005123982
This paper offers new tests of the `convergence hypothesis'. It first analyses the pattern of growth of measured inputs … is led to reject the convergence theory. In order to understand what lies at the heart of this discrepancy, the paper … school enrolments (or the UN-conditional convergence of the stock of measured inputs would not hold), but because the law of …
Persistent link: https://www.econbiz.de/10005662305
This paper focuses on one possible explanation for the empirical evidence of: (a) income convergence among the world … outcomes that are consistent with the convergence-divergence empirical evidence. While subsistence consumption can lead to …
Persistent link: https://www.econbiz.de/10005791191
This paper surveys the recent literature on convergence across countries and regions. We discuss the main convergence … exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence …
Persistent link: https://www.econbiz.de/10005791312
Recent empirical studies tend to confirm the importance of investment in human and technological capital as determinants of growth. Extensions of the neoclassical model that incorporate these factors explain rather well the long-run growth experience of a large sample of countries, and are...
Persistent link: https://www.econbiz.de/10005791332
This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and …. Technological catch-up is found to be very fast and seems to have played an important role in OECD convergence during the first half … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …
Persistent link: https://www.econbiz.de/10005791633
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371
partners - is shown to be related to an increase in the rate of convergence between the countries. …
Persistent link: https://www.econbiz.de/10005136577
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …
Persistent link: https://www.econbiz.de/10005497902
West Germany being admitted to the `convergence club'. The role of the Currency Reform, associated price liberalization and … convergence to US levels of productivity stopped. By contrast, Germany was able to maintain its share of world export markets …
Persistent link: https://www.econbiz.de/10005498051