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Convergence empirics across economies with (some) capital mobility

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

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Identification Number: 257


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:
Additional Information: © 1995 the author
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Date Deposited: 27 Apr 2007
Last Modified: 01 Oct 2010 08:46

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