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Convergence as distribution dynamics (with or without growth)

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  • Quah, Danny

Abstract

Convergence concerns the poor catching up with the rich|if not instan- taneously, then at least having a tendency to do so. When poor and rich here refer to entire economies, then whether convergence occurs is traditionally viewed as just a side consequence of a more central ques- tion, namely that concerning the nature of economic growth. This paper argues instead that convergence itself is of direct interest. When conver- gence is made central and thus investigated, new theoretical issues and empirical insights emerge: this paper provides a brief overview of what those lessons are, and conjectures what next might be learnt.

Suggested Citation

  • Quah, Danny, 1996. "Convergence as distribution dynamics (with or without growth)," LSE Research Online Documents on Economics 2254, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:2254
    as

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    File URL: http://eprints.lse.ac.uk/2254/
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    References listed on IDEAS

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    1. Quah, Danny, 1994. "Exploiting cross-section variation for unit root inference in dynamic data," Economics Letters, Elsevier, vol. 44(1-2), pages 9-19.
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    Cited by:

    1. Juan Carlos Odar Zagaceta, 2002. "Convergencia y polarización. El caso Peruano: 1961 - 1996," Estudios de Economia, University of Chile, Department of Economics, vol. 29(1 Year 20), pages 47-70, June.
    2. Monasterolo, Irene & Benni, Federica, 2013. "Non parametric methods to assess the role of the CAP in regional convergence in Hungary," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 115(3), pages 1-9, December.
    3. Patrick McAllister, 2001. "Convergence in European Real Estate Markets: Theoretical Perspectives and Empirical Evidence," ERES eres2001_225, European Real Estate Society (ERES).
    4. Suzanne McCoskey, 2002. "Convergence in Sub-Saharan Africa: a nonstationary panel data approach," Applied Economics, Taylor & Francis Journals, vol. 34(7), pages 819-829.
    5. Fernando Gabriel Im & David Rosenblatt, 2015. "Middle-Income Traps: A Conceptual and Empirical Survey," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(03), pages 1-39.

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    More about this item

    Keywords

    cross-country convergence; distribution dynamics; divergence; polar- ization; regional convergence; stratification;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D30 - Microeconomics - - Distribution - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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