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Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913

Williamson, Jeffrey G. - 2008

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

The Contribution of China, India and Brazil to Narrowing North-South Differences in GDP/capita, World Trade Shares, and Market Capitalization

Wang, Jing - 2011

This paper focuses on the contribution to recent narrowing of the gap between Northern and Southern economies in GDP/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three currently largest rapidly growing Southern...

Persistent link: https://www.econbiz.de/10012460976

Spatial and Temporal Heterogeneity of Marginal Emissions : Implications for Electric Cars and Other Electricity-Shifting Policies

Zivin, Joshua S. Graff - 2012

In this paper, we develop a methodology for estimating marginal emissions of electricity demand that vary by location … electricity markets and shifting load profiles throughout the day. Using data available for 2007 through 2009, with a focus on … electricity load management and environmental goals: the hours when electricity is the least expensive to produce tend to be the …

Persistent link: https://www.econbiz.de/10012460198

Converging to Converge? A Comment

Acemoglu, Daron; Molina, Carlos - National Bureau of Economic Research - 2021

Kremer, Willis, and You (2021) revisit cross-country convergence patterns over the last six decades. They provide evidence that the lack of convergence that applied early in the sample has now been replaced by modest convergence. They also argue this relationship is driven by convergence in...

Persistent link: https://www.econbiz.de/10012599282

Trade, Technology, and the Great Divergence

O'Rourke, Kevin Hjortshøj - 2019

Why did per capita income divergence occur so dramatically during the 19th Century, rather than at the outset of the Industrial Revolution? How were some countries able to reverse this trend during the globalization of the late 20th Century? To answer these questions, this paper develops a...

Persistent link: https://www.econbiz.de/10012479692

An Econometric Model of International Long-run Growth Dynamics

Müller, Ulrich K. - 2019

We develop a Bayesian latent factor model of the joint evolution of GDP per capita for 113 countries over the 118 years from 1900 to 2017. We find considerable heterogeneity in rates of convergence, including rates for some countries that are so slow that they might not converge (or diverge) in...

Persistent link: https://www.econbiz.de/10012480537

Mismatch and Assimilation

Wang, Ping - 2018

Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...

Persistent link: https://www.econbiz.de/10012480613

Is Poland the Next Spain?

Caselli, Francesco - 2005

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...

Persistent link: https://www.econbiz.de/10012467642

Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan

Gilchrist, Simon - 2004

We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production and investment, we are able to capture many of the key...

Persistent link: https://www.econbiz.de/10012467958

The Disturbing "Rise" of Global Income Inequality

Sala-i-Martin, Xavier - 2002

We use aggregate GDP data and within-country income shares for the period 1970-1998 to assign a level of income to each person in the world. We then estimate the gaussian kernel density function for the worldwide distribution of income. We compute world poverty rates by integrating the density...

Persistent link: https://www.econbiz.de/10012469810

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