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The distribution dynamics of incomes across Indian states are examined us-ing the entire income distribution rather than using standard regression ap-proaches.The period 1965 to 1997 exhibits twin-peaked dynamics: there aretwo income convergence clubs at 50% and 125% of the national...
Persistent link: https://www.econbiz.de/10005871010
This paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics of (cross-country) in- come distributions. This allows convenient study of the convergence hypothesis, and reveals, where appropriate, polarization and clumping within...
Persistent link: https://www.econbiz.de/10010928695
Convergence concerns poor economies catching up with rich ones. At is- sue is what happens to the cross sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to con- vergence...
Persistent link: https://www.econbiz.de/10010745108
The convergence hypothesis has generated a huge empirical literature: this paper critically reviews some of the earlier key ndings, claries their implications, and relates them to more recent results. Particular atten- tion is devoted to interpreting convergence empirics. The main ndings are:...
Persistent link: https://www.econbiz.de/10010746695