Quah, Danny (1996) Twin peaks : growth and convergence in models of distribution dynamics. CEP discussion paper; CEPDP0280, 280. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
|
PDF
Download (144kB) | Preview |
Abstract
Convergence concerns poor economies catching up with rich ones. At is- sue is what happens to the cross sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to con- vergence analysis. This paper describes an alternative body of research that overcomes this shortcoming in the traditional approach. The new findings on persistence and stratification; on the formation of conver- gence clubs; and on the distribution polarizing into twin peaks of rich and poor|suggest the relevance of a class of theoretical ideas, dierent from those surrounding the production-function accounting traditionally favored.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1996 the authors |
| Subjects: | H Social Sciences > HB Economic Theory |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Series: | Working Papers > CEP Discussion Papers |
| Date Deposited: | 27 Apr 2007 |
| Last Modified: | 14 Nov 2012 10:19 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2278 |
Actions (login required)
 |
View Item |
Download Statistics
Download Statistics