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Durlauf, Steven N. - 1998

We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....

Persistent link: https://www.econbiz.de/10012472386

International Trade and Per Capita Income Convergence : A Difference-in-Differences Analysis

Slaughter, Matthew J. - 1998

In this paper I analyze whether international trade contributes to per capita income convergence across countries. The analysis focuses on four important post-1945 multilateral trade liberalizations. To identify trade's effect on income dispersion, in each case I use a difference-in-differences'...

Persistent link: https://www.econbiz.de/10012472251

Per Capita Income Convergence and the Role of International Trade

Slaughter, Matthew J. - 1997

reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … independent of one another. But most international trade economists have a very different perspective of a world in which … theory. The key point here is that countries trading is not sufficient proof that trade helps cause per capita income …

Persistent link: https://www.econbiz.de/10012472931

Asiaphoria Meets Regression to the Mean

Pritchett, Lant - 2014

Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …

Persistent link: https://www.econbiz.de/10012458092

Understanding the "Problem of Economic Development" : The Role of Factor Mobility and International Taxation

Razin, Assaf - 1999

The problem of economic development,' as Lucas (1988) states it, is the problem of accounting for the observed diversity in levels and rates of growth of per capita income across countries and across time. We study conditions under which capital mobility and labor mobility (two seemingly...

Persistent link: https://www.econbiz.de/10012471679

Sources of Convergence in the Late Nineteenth Century

Taylor, Alan M. - 1996

Although the empirical growth literature has yielded many findings on postwar convergence patterns, it has had little to say about the determinants of convergence in earlier epochs. This paper investigates convergence for group of seven countries during the period 1870-1914, the last great phase...

Persistent link: https://www.econbiz.de/10012473027

The Effect of Financial Development on Convergence : Theory and Evidence

Aghion, Philippe - 2004

We introduce imperfect creditor protection in a multi-country version of Schumpeterian growth theory with technology … transfer. The theory predicts that the growth rate of any country with more than some critical level of financial development … will converge to the growth rate of the world technology frontier, and that all other countries will have a strictly lower …

Persistent link: https://www.econbiz.de/10012468335

Macroeconomic Convergence : International Transmission of Growth and Technical Progress

Helliwell, John F. - 1990

This paper uses data for nineteen industrial countries over the period 1960-1985 to examine the evidence for international convergence of technical progress. Several models of convergence, including a model in which convergence is affected by changes in a country's openness to trade, are...

Persistent link: https://www.econbiz.de/10012475773

Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

Jones, Charles I. - 1999

This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...

Persistent link: https://www.econbiz.de/10012471409

Empirical Tests of Alternative Models of International Growth

Kotlikoff, Laurence J. - 1984

Recent changes in patterns of international trade and growth have rekindled interest in the relationships among trade, growth, and the international distribution of income. Three alternative models can serve as a theoretical foundation for an empirical analysis of these relationships. The first...

Persistent link: https://www.econbiz.de/10012477675

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