Economic Growth And Convergence PDF Download
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Author | : Michael Spence |
Publisher | : Farrar, Straus and Giroux |
Total Pages | : 320 |
Release | : 2011-05-10 |
Genre | : Business & Economics |
ISBN | : 1429968710 |
Download The Next Convergence Book in PDF, ePub and Kindle
A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
Author | : Robert J. Barro |
Publisher | : |
Total Pages | : 40 |
Release | : 1994 |
Genre | : Convergence (Economics) |
ISBN | : |
Download Economic Growth and Convergence Book in PDF, ePub and Kindle
Author | : Michał Bernardelli |
Publisher | : Routledge |
Total Pages | : 164 |
Release | : 2021-06-30 |
Genre | : Business & Economics |
ISBN | : 1000407233 |
Download Economic Growth and Convergence Book in PDF, ePub and Kindle
There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.
Author | : Michał Bernardelli |
Publisher | : Routledge |
Total Pages | : 196 |
Release | : 2021-06-30 |
Genre | : Business & Economics |
ISBN | : 1000407195 |
Download Economic Growth and Convergence Book in PDF, ePub and Kindle
There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.
Author | : Danny Quah |
Publisher | : |
Total Pages | : 23 |
Release | : 1995 |
Genre | : Convergence (Economics) |
ISBN | : 9780753002476 |
Download Empirics for Economic Growth and Convergence Book in PDF, ePub and Kindle
Author | : Robert J. Barro |
Publisher | : MIT Press |
Total Pages | : 673 |
Release | : 2003-10-10 |
Genre | : Business & Economics |
ISBN | : 0262025531 |
Download Economic Growth, second edition Book in PDF, ePub and Kindle
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Author | : Richard Baldwin |
Publisher | : Harvard University Press |
Total Pages | : 340 |
Release | : 2016-11-14 |
Genre | : Business & Economics |
ISBN | : 067466048X |
Download The Great Convergence Book in PDF, ePub and Kindle
From 1820 to 1990 the share of world income going to today’s wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2016 |
Genre | : |
ISBN | : |
Download Economic Growth and Convergence, Applied Especially to China Book in PDF, ePub and Kindle
Author | : Amartya Sen |
Publisher | : |
Total Pages | : 40 |
Release | : 1997 |
Genre | : Agriculture and state |
ISBN | : |
Download Hunger in the Contemporary World Book in PDF, ePub and Kindle
Author | : Jeffrey Sachs |
Publisher | : |
Total Pages | : 50 |
Release | : 1995 |
Genre | : Developing countries |
ISBN | : |
Download Economic Convergence and Economic Policies Book in PDF, ePub and Kindle
Many of the crucial debates in development economics are encapsulated in the question of economic convergence. Is there a tendency for the poorer countries to grow more rapidly than the richer countries, and thereby to converge in living standards? Some recent research on endogenous growth has emphasized increasing returns as a possible reason not to expect convergence. Other research has suggested that convergence may be achieved only after poor countries attain a threshold level of income or human capital. This paper presents evidence that a sufficient condition for higher-than-average growth of poorer countries, and therefore convergence, is that poorer countries follow reasonably efficient economic policies, mainly open trade and protection of private property rights.