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Convergence Club

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A continuous state space approach to "Convergence by Parts,"

Publication Date
2005-March-01
Document Type
working paper
Authors
Johnson, Paul A.
Department or Program
Economics Department
Document Type
Working Paper
Abstract

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply...

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Vassar Scholarship

Convergence and growth amongst rich and poor

Publication Date
1992-March-01
Document Type
working paper
Authors
Chatterji, Monojit
Department or Program
Economics Department
Document Type
Working Paper
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...

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