Epstein, Philip, Howlett, Peter and Schulze, Max-Stephan 
ORCID: 0000-0001-7486-5734
(2003)
Distribution dynamics: stratification, polarization and convergence among OECD economies, 1870-1992.
Explorations in Economic History, 40 (1).
pp. 78-97.
ISSN 0014-4983
Abstract
Using a distribution dynamics approach, the growth experience of 17 OECD economies is investigated. After explaining the distribution dynamics approach, the empirical analysis examines both the observed period dynamics and the unique long-run equilibrium associated with three periods. This study suggests persistence and stratification, not convergence, characterized the pre-1914 regime, whereas convergence was the key feature of the post-war regime. However, a larger sample of OECD economies in the post-war period indicates that convergence was primarily a feature of the Golden Age and in the post-Golden Age period separation, polarization, and divergence came to the fore.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.elsevier.com/wps/find/journaldescriptio... |
| Additional Information: | © 2002 Elsevier Science (USA) |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 16 Apr 2008 14:14 |
| Last Modified: | 01 Nov 2024 04:17 |
| URI: | http://eprints.lse.ac.uk/id/eprint/4328 |
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