What remains of cross-country convergence?
By: Johnson, Paul and Papgeorgiou, Chris
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Material type: 
BookPublisher: Journal of Economic Literature Description: 58(1), Mar, 2020: p.129-175.Subject(s): Economic growth, Convergence
In:
Journal of Economic LiteratureSummary: We examine the record of cross-country growth over the past 50 years and ask if developing countries have made progress on closing income gap between their per capita incomes and those in the advanced economies. We conclude that, as a
group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closing the income gap between countries.
We close with a brief examination of the recent literature on cross-individual distribution of income which finds that, despite the lack of progress on cross country convergence, global inequality has tended to fall since 2000. Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 57(1), Mar, 2020: p.129-175 | Available | AR123463 |
We examine the record of cross-country growth over the past 50 years and ask if developing countries have made progress on closing income gap between their per capita incomes and those in the advanced economies. We conclude that, as a
group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closing the income gap between countries.
We close with a brief examination of the recent literature on cross-individual distribution of income which finds that, despite the lack of progress on cross country convergence, global inequality has tended to fall since 2000. Reproduced
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