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.
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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) |
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| 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: | 11 Dec 2024 18:21 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2257 |
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