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Tuesday, July 28, 2020 | History

2 edition of Convergence across countries and regions found in the catalog.

Convergence across countries and regions

Jean Imbs

Convergence across countries and regions

theory and empirics.

by Jean Imbs

  • 129 Want to read
  • 36 Currently reading

Published by Centre for Economic Policy Research in London .
Written in English


Edition Notes

Centre"s research programme in international macroeconomics.

SeriesDiscussion paper series -- no 2473
ContributionsCentre for Economic Policy Research.
ID Numbers
Open LibraryOL20925212M

  [a] simplistic view of convergence does not hold for the world as a whole. There is no tendency for poor countries around the world to grow either faster or slower than rich : John C. Goodman. convergence South to the North since the South was a raw material supplier and it was not until that the country converged group has notably grown with China and part of Asia, converging countries have opened up to the world economy and .

Convergence across industrialised countries (): new results using time series methods. Documento de trabalho 2/96, Departamento de Economia, Instituto Superior de Economia e Gestao, Lisbon. Email [email protected] Convergence, DCs big event for , was alternately fascinating and frustrating. Convergence grew out of plots in various DC New 52 books (Earth 2, Earth 2: Worlds End, Futures End and the Superman family of titles). The premise was that a mutated version of space villain Brainiac had rescued fragments of dying universes and relocated them to /5().

Across much of the region, a fortunate few are connected to opportunity, while many more people are marginal to the formal economy--or live outside it, seemingly forgotten. Why have place-based spatial initiatives in MENA countries largely underdelivered not yielding more sustainable jobs and growth? convergence after differences in the steady states across countries are controlled for. The main idea is that an economy grows faster, the further it is away from its own steady-state (long-run) value 1 and, hence, in looking for convergence in a cross-country framework, it .


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Convergence across countries and regions by Jean Imbs Download PDF EPUB FB2

Downloadable. This paper surveys the recent literature on convergence across countries and regions. I discuss the main convergence and divergence mechanisms identified in the literature and develop a simple model that illustrates their implications for income dynamics.

I then review the existing empirical evidence and discuss its theoretical implications. 5 Preface by Ewald Nowotny, Vice-President Regional convergence in Europe: Theory and empirical evidence 7 Editors’ Introduction Daniel Moucque 13 A survey of socio-economic disparities between the regions of the EU Angel de la Fuente 25 Convergence across Convergence across countries and regions book and regions: Theory and empirics Jacques-François Thisse 47 Agglomeration and.

convergence across countries and regions. It is organized as follows. Section 2 contains some general considerations on the convergence and divergence mechanisms identified in the growth literature.

In Section 3 I develop a simple descriptive model that. This paper surveys the recent literature on convergence across countries and regions. We discuss the main convergence and divergence mechanisms identified in the literature and develop a simple model that illustrates their implications for income dynamics.

We then review the existing empirical evidence and discuss its theoretical implications. Early optimism concerning. BibTeX @MISC{Fuente02convergenceacross, author = {Angel de la Fuente}, title = {Convergence across countries and regions: theory and empirics }, year = {}}.

Downloadable. A key economic issue is whether poor countries or regions tend to grow faster than rich ones: are there automatic forces that lead to convergence over time in the levels of per capita income and product. The authors use the neoclassical growth model as a framework to study convergence across the forty-eight contiguous U.S.

states. Armstrong () has tested the convergence hypothesis of GDP per capita across 85 regions (at NUTS 1 level) within the European Union over the period He finds a slow regional convergence process for the whole period (at about 1% per year) and evidence of a falling convergence rate in the s and s.

Convergence and Equality of Road Infrastructure: A Cross Country Analysis: /ch The development of road infrastructure works as one of the most important inputs of production and overall economic activities all around the globalCited by: 2.

Convergence across States and Regions to patterns of convergence across 73 regions of Western Europe since The process of convergence within the European countries is in many respects. approach. The convergence debate is summarized and analyzed in Islam ().

A key assumption in the conventional studies with parametric models is that cross-country growth is linear with identical rate of convergence across countries and the convergence is only tested according to the parametric estimate of the coefficient on the initial Size: KB.

An important economic question is whether poor countries or regions tend to converge toward rich ones. For the U.S. states, we estimate the rate of convergence of per capita personal income from to to be around 2 percent per year whether we look within or across four geographical regions.

A similar rate of convergence applies to gross state product from. Excellent book for showing the forces of convergence and the logic of one world. I think Asians, and particularly my region's people, the Middle Easterners, which their region is currently in full revolt or some restive places are about to revolt, to gain our independence from the developed World unfair domination we need to read more books /5.

Convergence Across States and Regions (Brookings Papers on Economic Activity,No. 1) Abstract AN IMPORTANT economic question is whether poor countries or regions tend to converge toward rich. Kicking off the Zodiac Legacy series, this action-driven outing is very much what his fans might expect.

Chinese-American year-old Steven Lee, on an educational tour of Hong Kong, stumbles on a secret plot to control the super powers of the Chinese Zodiac, perpetrated by Maxwell, a mercenary general seeking world domination/5(27).

Moreover, even in a context of average convergence across countries, the gap between developed and developing countries in terms of living conditions remains Size: KB. The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies ' per capita incomes will tend to grow at faster rates than richer economies.

As a result, all economies should eventually converge in terms of per capita income. Due to the strong growth orientation and continued fast technological progress in the advanced world regions, the convergence process of the developing world regions takes longer.

Average per capita income growth of % in the first half of the century is followed by % in the second half for the low income by: Get this from a library.

The poor stay poor: non-convergence across countries and regions. [Fabio Canova; Centre for Economic Policy Research (Great Britain)]. Barro, Robert J. and Xavier Sala-i-Martin, “Convergence,” Journal of Political Econ-omy,(2), – and, “Convergence Across States and Regions,” Brookings Papers on Eco-nomic Activity,pp.

– Levine, Ross and David Renelt, “A Sensitivity Analysis of Cross-Country Growth Re-File Size: 53KB. The findings point toward both different and similar competitiveness, resilience, and convergence developments within the new member states and across countries, regions, and periods, also revealing growth and adaptation patterns similar to those found in the more developed regions and countries of the EU, especially in the wake of the global Author: Marioara Iordan, Mihaela-Nona Chilian.

these studies mainly address the issue of convergence among large numbers of countries or regions. Papers that move away from this conditional, cross-section convergence approach however, show more mixed results.

For example, Quah () suggests that the data can show persistence and immobility across countries, evidence of convergence clubs andCited by: In recent years, developing countries have been growing much more rapidly than the industrial countries.

This growth convergence has potentially very important implications for world food demand and for world agriculture because of the increase in demand for agricultural resources as diets shift away from starchy staples and towards animal-based products and fruits and .The data are real per capita GDP for the periodcovering 80 countries grouped into three broadly defined regions.

The traditional cross-section unconditional convergence .