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Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological … leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
Industrial Revolution? How were some countries able to reverse this trend during the globalization of the late 20th Century? To …
Persistent link: https://www.econbiz.de/10012479692
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …
Persistent link: https://www.econbiz.de/10012467642
things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
Persistent link: https://www.econbiz.de/10012470120
international convergence of technical progress. Several models of convergence, including a model in which convergence is affected … which convergence depends on some key measurement issues, including the use of purchasing power parities to compare real …. The results show significant evidence of international convergence in the rates of growth of labour efficiency, and some …
Persistent link: https://www.econbiz.de/10012475773
Will fast growing emerging economies sustain rapid growth rates until they "catch-up" to the technology frontier? Are there incentives for some developed countries to free-ride off of innovators and optimally "fallback" relative to the frontier? This paper models agents growing as a result of...
Persistent link: https://www.econbiz.de/10012460568
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012464805
world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence … who gains and who loses from convergence since the answers may help determine whether pro-globalization or anti … century epochs were ones of overall fast growth and convergence: poor countries tended to grow even faster than rich and the …
Persistent link: https://www.econbiz.de/10012473616
Persistent link: https://www.econbiz.de/10013480751
companies to disentangle the role of technological change, market power, and globalization in driving a fall in the labor share … measured using four firm and twenty firm concentration ratios and globalization is measured as export shares in total revenues … smaller. Finally, the evidence on globalization is mixed: trade shares are at times negatively associated with the labor share …
Persistent link: https://www.econbiz.de/10014468215