Economic Convergence through Savings, Trade and Technology Flows
Lessons from Recent Research
Bibliographic Data
| ID | 12116647 |
|---|---|
| Authors | Per Botolf Maurseth (0000-0002-5087-1846, corresponding author) |
| Year | 2003 |
| Volume | 30 |
| Issue | 1 |
| Pages | 29-58 |
| Publication date | 2003-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Forum for Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0803-9410 • E-ISSN: 1891-1765 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/08039410.2003.9666229 |
| OpenAlex | W1964496703 |
| Language | EN |
| References cited | 44 |
This article reviews the theoretical and empirical literature on income disparity and convergence between countries. New theoretical models modify and often reverse the prediction of convergence in the traditional neo-classical model of economic growth. A particular feature of the recent literature as compared to traditional studies of economic growth is that it acknowledges interdependence between countries. International capital flows, trade in goods and (maybe most important) international technology flows influence individual countries' growth performance. The empirical literature on the dynamics of international income distribution reveals massive unconditional divergence in income levels. For sub-samples of countries, on the other hand, the data support the conditional convergence hypothesis: when other factors are accounted for, there is a tendency for income per capita to converge. Knowledge flows, either embodied in traded goods or disembodied, seem to be important for whether poorer countries are able to catch up with richer ones. Keywords: developmenteconomic growtheconomic convergence
Capital flows · Capital good · Conditional convergence · Convergence (economics · Developing country · Distribution (mathematics · Divergence (linguistics · Econometrics · Economic growth · Economics · Empirical research · Income distribution · Inequality · International economics · International trade · Macroeconomics · Microeconomics · Per capita · Per capita income · Public good · Economic Growth and Development · Economic Growth and Productivity · Economic theories and models
Trade in ideas Patenting and productivity in the OECD
Galton's Fallacy and Tests of the Convergence Hypothesis
Learning by Doing and the Dynamic Effects of International Trade
Does Trade Cause Growth?
International Trade and Technical Change
Economic Integration and Endogenous Growth
International R&D spillovers
Technological Diffusion, Convergence, and Growth
Low Schooling for Girls, Slower Growth for All? Cross-Country Evidence on the Effect of Gender Inequality in Education on Economic Development
Growth Empirics
Innovation, Imitation, and Intellectual Property Rights
Geographic Localization of International Technology Diffusion
On the mechanics of economic development
International Investment and International Trade in the Product Cycle
Economic Growth and Income Inequality
Inequality and Growth in a Panel of Countries
A Model of Growth Through Creative Destruction
Global Income Distribution 1965–98
Why Do Rates of Β‐convergence Differ? A Meta‐regression Analysis
Increasing Returns and Long-Run Growth
Endogenous Technological Change
A Model of Innovation, Technology Transfer, and the World Distribution of Income
North-South R & D Spillovers
The Classical Approach to Convergence Analysis
A Contribution to the Empirics of Economic Growth
A Contribution to the Theory of Economic Growth
Empirics for economic growth and convergence
Divergence, Big Time
Reflections on the Natural Rate Hypothesis
| Citation velocity | historical |
|---|---|
| Highly cited | No |