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Several recent studies have examined the tendency of regions within a nation to exhibit long-term convergence in per … capita income levels. Barro and Sala-i-Martin (1991, 1992, 1995) have found a tendency towards convergence among the U … convergence among the provinces of China during the period 1952-1993. We find that real income convergence of provinces in China …
Persistent link: https://www.econbiz.de/10013233027
convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and … human capital. Regional convergence is about 2.5% per year, not more than 1% per year faster than convergence between … countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a …
Persistent link: https://www.econbiz.de/10013035755
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … convergence" is conditional on an array of explanatory variables that hold constant countries' long-run characteristics. The … introduction of country fixed effects generates a much higher-and, I argue, misleading-convergence rate. In a much longer time …
Persistent link: https://www.econbiz.de/10013101830
In this paper I analyze whether international trade contributes to per capita income convergence across countries. The … dispersion, in each case I use a difference-in-differences' approach which compares the convergence pattern among the … liberalizing countries before and after liberalization with the convergence pattern among randomly chosen control countries before …
Persistent link: https://www.econbiz.de/10013225397
The recent literature on cross-country convergence of per capita income has largely ignored international trade. The … reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … capita income convergence and international trade. First, I briefly summarize a few interesting recent papers which have …
Persistent link: https://www.econbiz.de/10013247408
How much of the spatial distribution of economic activity today is determined by history rather than by geographic fundamentals? And if history matters for the distribution, does it also affect overall efficiency? This paper develops a tractable theoretical and empirical framework that aims to...
Persistent link: https://www.econbiz.de/10014090933
Why are people in the richest countries of the world so much richer today than 100 years ago? And why are some countries so much richer than others? Questions such as these define the field of economic growth. This paper documents the facts that underlie these questions. How much richer are we...
Persistent link: https://www.econbiz.de/10013022934
In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this divergence was increasing differences in the efficiency of...
Persistent link: https://www.econbiz.de/10013221862
This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...
Persistent link: https://www.econbiz.de/10013323450
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/10013113158