Direct spatial comparison of the economic growth indices is unconstructive because of the catch-up effect which requires some preconditions in order to be taken into proper account. The paper has considered the approach for the correction of the economic growth indices on the basis of the...

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...

This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and...

This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or nonneutralities...

The post-World War II period has seen substantial changes in the distribution of GDP per worker around the world. In the upper half of the distribution, a number of countries have exhibited large increases in income relative to the richest countries. In the bottom half, several countries have...

Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large part of the significant shift in the cross-sectional...

The proponents of decentralization argue that it improves economic growth by increasing government efficiency and accountability. However, the critics argue that decentralization increases regional inequality by increasing the differences in institutional capacities and socio-economic endowments...

This paper suggests a reinterpretation of global growth — encompassing notions of unconditional convergence and the middle income trap — in the past 50 years through the lens of growth theory. We innovate by studying two modes of convergence: a classic “Solow” model where poorer...

From 2000 onwards, various studies (Esquivel 1999; Villalta 2003; Aguayo 2004; Gómez & Ventosa 2012; Ocegueda, 2015) have tested whether economic convergence - GDP convergence - took place in Mexico or not as a way to study regional disparities in development across the country. This paper proposes a wider...