Quah, Danny (1994) Convergence empirics across economies with (some) capital mobility. CEP discussion paper; CEPDP0257, EM/1994/275. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London.
Full text not available from this repository.Abstract
This paper reinterprets a simple model of growth and fluctuations across many economies to allow explicitly characterizing the dynamically evolving corss-economy distribution of income. Such a framework provides a more natural, revealing study of the convergence hypothesis. The data show limited intra-distribution mobility in incomes across economies and, thus, little convergence. Our analysis uncovers some "convergence club"-like dynamics, and reveals the wide diversity in growth experiences across countries. Conditioning on physical capital investment, secondary school enrolment, and a dummy for the African continent falls to overturn these characterizations.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://sticerd.lse.ac.uk |
| Additional Information: | © 1994 the author |
| Uncontrolled Keywords: | Growth and fluctuations; cross-country distribution of income; convergence hypothesis; intra-distribution mobility; capital investment |
| Library of Congress subject classification: | H Social Sciences > HB Economic Theory |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | EM/1994/275 |
| URL: | http://eprints.lse.ac.uk/2256/ |
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