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The Poorest might catch up: Convergence vs. Pseudo-convergence

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  • M.H. Suryanarayana

    (Indira Gandhi Institute of Development Research)

  • Mousumi Das

    (Indira Gandhi Institute of Development Research)

Abstract

Public welfare policies in developing countries have a Rawlsian perspective; they seek to uplift the poor, the poorest of the poor in particular. Policies to enable the poor to catch up with the rich are generally two-fold, viz., inclusive growth, and redistributive (transfer) programmes. This paper proposes twin concepts and measures of convergence (I *) and pseudo-convergence (pseudo-I *) to characterize such outcomes. Unlike the conventional measures of convergence, they can contra-distinguish outcomes during economic growth as against decay. Illustrations based on estimates of per capita GDP and consumption across countries in the world show divergence and pseudo-divergence between 1993 and 2011.

Suggested Citation

  • M.H. Suryanarayana & Mousumi Das, "undated". "The Poorest might catch up: Convergence vs. Pseudo-convergence," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2014-005, Indira Gandhi Institute of Development Research, Mumbai, India.
    • Handle: RePEc:ind:igiwpp:2014-005
    as

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    More about this item

    Keywords

    Convergence; Pseudo-convergence; Sigma-convergence; Beta-convergence; Rawls; Welfare;
    All these keywords.

    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E0 - Macroeconomics and Monetary Economics - - General
    • F00 - International Economics - - General - - - General

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