Convergence empirics across economies with (some) capital mobility

Quah, Danny (1995) Convergence empirics across economies with (some) capital mobility. Econometrics; EM/1994/275 (257). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

Preview

PDF Download (356kB) | Preview

Abstract

This paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics of (cross-country) in- come distributions. This allows convenient study of the convergence hypothesis, and reveals, where appropriate, polarization and clumping within subgroups. The data show little cross-country convergence; in- stead, the important features are persistence, immobility, and polariza- tion, exemplied by \convergence club" or \twin peaks" dynamics

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 1995 the author
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	C - Mathematical and Quantitative Methods > C2 - Econometric Methods: Single Equation Models; Single Variables > C23 - Models with Panel Data O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output (Income) Convergence F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
Date Deposited:	27 Apr 2007
Last Modified:	13 Sep 2024 19:36
URI:	http://eprints.lse.ac.uk/id/eprint/2257

Actions (login required)

View Item