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Twin Peaks

Growth and Convergence in Models of Distribution Dynamics

Dados Bibliográficos

ID9720118
AutoresDanny Quah (0000-0002-0397-1617, London School of Economics and Political Science, autor correspondente), Danny T Quah
Ano1996
Volume106
Fascículo437
Páginas1045
Data de publicação1996-07-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoThe Economic Journal (JOURNAL)
Identificadores do periódicoISSN: 0013-0133 • E-ISSN: 1468-0297
EditoraOxford University Press (OUP) (PUBLISHER)
DOI10.2307/2235377
OpenAlexW2044248787
IdiomaEN
Citações recebidas137

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

Convergence (economics · Distribution (mathematics · Econometrics · Economic geography · Economics · Function (biology · Macroeconomics · Production (economics · Stratification (seeds · Economic Growth and Productivity · Economic theories and models · Economic Theory and Policy · Mathematics

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Obras citantes distintas137
Citações por ano4,72
Intervalo de citações1997 - 2026 (30)
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Altamente citadoSim
Tipos de citaçãoNeutras: 135
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