What have We Learnt from the Convergence Debate?
Bibliographic Data
| ID | 23366334 |
|---|---|
| Authors | Nazrul Islam (0000-0001-8601-0952, Emory University, corresponding author) |
| Year | 2003 |
| Volume | 17 |
| Issue | 3 |
| Pages | 309-362 |
| Publication date | 2003-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Economic Surveys (JOURNAL) |
| Journal identifiers | ISSN: 0950-0804 • E-ISSN: 1467-6419 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1467-6419.00197 |
| OpenAlex | W2078924997 |
| Language | EN |
| Citations received | 109 |
| References cited | 138 |
This paper surveys the convergence literature. It begins by laying out different definitions of convergence and by showing the link between the convergence issue and the growth theory debate. The paper then follows the convergence research conducted along four different approaches, namely the cross‐section, panel, time‐series, and distribution approaches. The paper shows the association of these methodological approaches with various definitions of convergence and highlights the connections among the convergence results. It shows that, despite some impressions to the contrary, there is considerable agreement among the results. Although the convergence research might not have solved the growth debate entirely, it has helped both the neoclassical and the new growth theories to adapt and evolve. The research on convergence has established new stylized facts regarding cross‐country growth regularities. It has brought to fore the existence of large technological and institutional differences across countries and has given rise to new methodologies for quantifying and analyzing these differences. This is providing a new information base for analysis of technological and institutional diffusion and for further development of growth theory in general.
Compact convergence · Conditional convergence · Convergence (economics) · Econometrics · Economics · Growth theory · Macroeconomics · Mathematical economics · Neoclassical economics · Positive economics · Rate of convergence · Stylized fact · Symbolic convergence theory · Unconditional convergence · Computer Science · Economic Growth and Development · Economic Growth and Productivity · Fiscal Policy and Economic Growth
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A Non-parametric Analysis of Convergence in ICT Industries
Kazakhstan’s evolving regional economic policy
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Tourism and regional income inequality
Regional Convergence of Income and Education
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Identifying and Interpreting Regional Convergence Clusters Across Europe
Counting Chickens when they Hatch
Interprovincial Wealth Inequality by Factor Components in Indonesia
Adapting to Climate Change
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Persistent Poverty in Rural Vietnam
Technology and the Evolution of the Regulatory State
Innovation and growth in the global economy
Rethinking International Trade
Macroeconomic determinants of growth
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Galton's Fallacy and Tests of the Convergence Hypothesis
Convergence in international output
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The Penn World Table (Mark 5)
International R&D spillovers
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Multivariate regression models for panel data
Technological Diffusion, Convergence, and Growth
The role of human capital in economic development evidence from aggregate cross-country data
Equipment Investment and Economic Growth
Capital Accumulation and Economic Growth
The Growth of Nations
Regional cohesion
Empirical cross-section dynamics in economic growth
The New Growth Evidence
Growth Empirics
Are U.S. regional incomes converging?
Estimation of Dynamic Models with Error Components
Time Series Tests of Endogenous Growth Models
An empirical analysis of cross-national economic growth, 1951–1980
Threshold Externalities in Economic Development
The Tyranny of Numbers
Formulation and estimation of dynamic models using panel data
International comparisons of educational attainment
Interpreting tests of the convergence hypothesis
Multiple regimes and cross‐country growth behaviour
Appropriate Technology and Growth
On bias, inconsistency, and efficiency of various estimators in dynamic panel data models
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On the mechanics of economic development
Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root
Institutions and Economic Performance
Some Tests of Specification for Panel Data
Testing for unit roots in heterogeneous panels
Testing the null hypothesis of stationarity against the alternative of a unit root
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
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Applying Growth Theory across Countries
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An Essay in Dynamic Theory
Phases of Capitalist Development
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A Reformulation of the Economic Theory of Fertility
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Testing the Convergence Hypothesis
Multiple Trend Breaks and the Unit-Root Hypothesis
Slowdowns and Meltdowns
Testing the Convergence Hypothesis
The Progress of Underdeveloped Areas
Do Economies Converge? Evidence From a Panel of U.S. States
Economic Growth in Latin America
Long-Run Policy Analysis and Long-Run Growth
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Government Spending in a Simple Model of Endogeneous Growth
Barriers to Technology Adoption and Development
Do Static Gains from Trade Lead to Medium-Run Growth
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Increasing Returns and Long-Run Growth
A Convex Model of Equilibrium Growth
The U.S. Structural Transformation and Regional Convergence
Endogenous Technological Change
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Convergence
Unanticipated Money, Output, and the Price Level in the United States
Economic Growth and Capital Accumulation
Capital Expansion, Rate of Growth, and Employment
Technology and Convergence
Twin Peaks
Factor Endowments and Per Capita Income Differences among Countries
North-South R & D Spillovers
U.S. and Japanese Economic Growth, 1952-1974
Convergence? Inferences from Theoretical Models
The Classical Approach to Convergence Analysis
An Essay in Dynamic Theory
A Contribution to the Empirics of Economic Growth
Statistical analysis of cointegration vectors
A Contribution to the Theory of Economic Growth
Empirics for economic growth and convergence
Why do Some Countries Produce So Much More Output Per Worker than Others
Distinguished Lecture on Economics in Government
The Origins of Endogenous Growth
Perspectives on Growth Theory
Economic Backwardness in Historical Perspective
| Unique citing works | 109 |
|---|---|
| Citations per year | 4,95 |
| Citation span | 2004 - 2026 (23) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 99 |