An Empirical Analysis of the Convergence Hypothesis Across Countries PDF Download
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Author: Blake D. Butzin
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 108
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Book Description
Author: Blake D. Butzin
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 108
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Book Description
Author: Danny Quah
Publisher:
ISBN: 9780753002476
Category : Convergence (Economics)
Languages : en
Pages : 23
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Book Description
Author: Michał Bernardelli
Publisher: Routledge
ISBN: 1000407233
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.
Author: Mark Rogers
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 72
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Book Description
Author: Jianhua Liu
Publisher: Springer
ISBN: 9811318859
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital income, and synergistic benefits, further establishes the new empirical model including the major determined factors of economic growth, such as growth of physical capital stock, growth of investment in physical capital, improvement of science and technology, improvement of human capital quality, labor force growth, institutional innovation and economic externalies. Subsequently, it uses the method of Data Envelopment Analysis to calculate the contribution of institutional innovation to economic growth, and it also focuses on the analysis of the determining factors of economic growth. Based on the analysis above, the new theory has been tested and the countermeasures and suggestions involving China's innovation-driven economy have been proposed.
Author: Joel Benjamin Edmund Smith (Ph.D.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 215
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Book Description
Author: Stephen Jay Kobrin
Publisher: Forgotten Books
ISBN: 9781330314166
Category : Social Science
Languages : en
Pages : 61
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Book Description
Excerpt from Industrialization and Variation in Social Structure: An Empirical Test of the Convergence Hypothesis In Industrialism and Industrial Man, Kerr, Dunlop, Harbison, and Myers concluded that social systems become more uniform and societies in general become more alike as they industrialize. While the convergence hypothesis has generated a good deal of discussion and controversy in the intervening fifteen years, reports of empirical tests of the concept have been limited. This paper summarizes such an attempt utilizing the techniques of cross-national research across a group of fifty-nine developing countries. The theoretical underpinnings of the hypothesis will first be discussed, the concept will then be restated in terms of testable hypotheses, the empirical findings will be reviewed, and, last, the conclusions will be presented. Reduced to its essence, industrialization entails the use of inanimate sources of power - tools and machines - to multiply human effort in production. As its raison d'être is an increase in output per unit of (human) input, broadscale industrialization results in an increased societal emphasis on efficiency which, given the nature of the machine, leads to larger scale productive units. There is thus a central logic to industrialization, a logic which leads to an increased emphasis on efficiency and scale. As Moore has observed, it is not reasonable to expect industrialization to be neutral in its social consequences. Rather, evidence from both the West and the developing countries indicates that industrialization tends to be a "universal social solvent." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Robert J. Barro
Publisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 40
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Book Description
Author: Robert J. Barro
Publisher: MIT Press
ISBN: 9780262025539
Category : Business & Economics
Languages : en
Pages : 676
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Book Description
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Author: Edward N. Wolff
Publisher: Cambridge University Press
ISBN: 1107651212
Category : Business & Economics
Languages : en
Pages : 537
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Book Description
A vast new literature on the sources of economic growth has now accumulated. This book critically reviews the most significant works in this field and summarizes what is known today about the sources of economic growth. The first part discusses the most important theoretical models that have been used in modern growth theory as well as methodological issues in productivity measurement. The second part examines the long-term record on productivity among Organization for Economic Co-operation and Development (OECD) countries, considers the sources of growth among them with particular attention to the role of education, investigates convergence at the industry level among them, and examines the productivity slowdown of the 1970s. The third part looks at the sources of growth among non-OECD countries. Each chapter emphasizes the factors that appear to be most important in explaining growth performance.
