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A slowing of national income convergence

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  • Don Webber

Abstract

Shocks to the international economy that occurred around 1973 may have altered the rate of convergence of national income across countries. Markov chains are used to examine whether the rate of convergence of national income was different pre- to post-1973 for a cross-section of 104 countries between 1960 and 1990. Results suggest that real GDP per worker did converge continuously, and the rate of convergence was faster before rather than after 1973.

Suggested Citation

  • Don Webber, 2001. "A slowing of national income convergence," Applied Economics Letters, Taylor & Francis Journals, vol. 8(11), pages 709-711.
    • Handle: RePEc:taf:apeclt:v:8:y:2001:i:11:p:709-711
    DOI: 10.1080/13504850110045715
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    References listed on IDEAS

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    1. Paapaa, Richard & van Dijk, Herman K., 1998. "Distribution and mobility of wealth of nations," European Economic Review, Elsevier, vol. 42(7), pages 1269-1293, July.
    2. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    3. Quah, Danny T., 1996. "Empirics for economic growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1353-1375, June.
    4. Shorrocks, A F, 1978. "The Measurement of Mobility," Econometrica, Econometric Society, vol. 46(5), pages 1013-1024, September.
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    Cited by:

    1. Bentzen, Jan, 2005. "Testing for catching-up periods in time-series convergence," Economics Letters, Elsevier, vol. 88(3), pages 323-328, September.
    2. repec:agr:journl:v:12(589):y:2013:i:12(589):p:57-66 is not listed on IDEAS

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