Vassar Scholarship
Convergence and growth amongst rich and poor
Publication Date
1992-March-01
Document Type
Department or Program
Document Type
Abstract
This paper reexamines the Baumol-Wolff (1988) hypothesis that there exists an exclusive international Convergence Club of rich nations whose members will move nearer each other with the passage of time. We argue that the Baumol-Wolff analysis does not really justify...
