Convergence in recent growth theories: a survey
Article Abstract:
The hypothesis of cross-country convergence of levels and growth rates of income per capita implied by the neo-classical growth model in the Solow-Swan as well as in the Rampsey-Cass-Koopmans versions is investigated. Convergence to a common income level as opposed to divergence is seen from a theoretical perspective. The convergence property is then empirically tested. Results cast doubt on Barro type regressions and their findings about 'conditional' convergence.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Human capital and regional convergence in Canada
Article Abstract:
Human capital and per capita income growth were parallel in Canada during 1951-1996, validating the growth model of Barro et al. The model indicates that higher education levels are good predictors of long term economic growth. State resources could be distributed to outlying areas to achieve growth throughout the country.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Causality between defence spending and economic growth: the case of mainland China: a comment
Article Abstract:
This comment finds a causal relationship between defense spending and economic development in China 1950-1991, in opposition to the orginal article's conclusion that a causal relationship did not exist.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The agenda for growth theory: a different point of view. Savings and economic growth in neoclassical theory. Moving targets: the multifarious world of Paolo Sylos Labini
- Abstracts: A theory of ambiguous property rights in transition economies: the case of the Chinese non-state sector. The impact of credit control and interest rate regulation on the transforming Chinese economy: an analysis of long-run effects
- Abstracts: Generational accounts for the Dutch public sector. Mandatory pensions and personal savings in the Netherlands
- Abstracts: Business ethics and a state-owned enterprise in China. Ethical and economic evaluations of consumption in contemporary China
- Abstracts: Impatience and long-run growth. Gaining the competitive edge using internal and external spillovers: a dynamic analysis