Topic
Conditional convergence
About: Conditional convergence is a research topic. Over the lifetime, 639 publications have been published within this topic receiving 18509 citations.
Papers published on a yearly basis
1 / 2
Papers
TL;DR: In this article, the concepts of sigma-convergence, absolute beta-concave, and conditional beta-consistency were applied to a variety of data sets that include a large cross-section of 110 countries, the subsample of OECD countries, and regions within several European countries.
Abstract: The concepts of sigma-convergence, absolute beta-convergence and conditional beta-convergence are discussed in this paper. The concepts are applied to a variety of data sets that include a large cross-section of 110 countries, the subsample of OECD countries, the states within the United States, the prefectures of Japan, and regions within several European countries. Except for the large cross-section of countries, all data sets display strong evidence of sigma-convergence and absolute beta-convergence. The cross-section of countries exhibits sigma-divergence and conditional beta-convergence. The speed of conditional convergence, which is very similar across data sets, is close to 2 percent per year. Copyright 1996 by Royal Economic Society.
1,571 citations
Posted Content•
TL;DR: In this article, the concepts of s-convergence, absolute convergence, and conditional convergence are discussed and applied to a variety of data sets that include a large cross section of 110 countries, the sub-sample of OECD countries, states within the United States, the prefectures of Japan and the regions within several European countries.
Abstract: The concepts of s-convergence, absolute b-convergence and conditional b-convergence are discussed in this paper. The concepts are applied to a variety of data sets that include a large cross section of 110 countries, the sub-sample of OECD countries, the states within the United States, the prefectures of Japan and the regions within several European countries. Except for the large cross section of countries, all data sets display strong evidence of s-convergence and absolute b-convergence. The cross section of countries exhibits s-divergence and conditional b-convergence. The speed of conditional convergence, which is very similar across data sets, is close to 2% per year.
1,551 citations
Posted Content•
TL;DR: In this article, the authors construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model and show that in the long run the world growth rate is driven by discoveries in those economies that lead in their use of technology.
Abstract: We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run the world growth rate is driven by discoveries in those economies that lead in their use of technology. Followers converge towards leaders because copying is cheaper than innovation over some range. A tendency for copying costs to increase reduces followers' growth rates and thereby generates a pattern of conditional convergence. We discuss how countries are selected to be technological leaders, and we assess welfare implications. Poorly-defined intellectual property rights imply that leaders have insufficient incentive to invent and followers have excessive incentive to copy.
1,157 citations
Posted Content•
TL;DR: In this paper, the authors construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model and show that in the long run, world growth rate is driven by discoveries in the technologically leading economies.
Abstract: We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies. Followers converge toward the leaders because copying is cheaper than innovation over some range. A tendency for copying costs to increase reduces followers' growth rate and thereby generates a pattern of conditional convergence. We discuss how countries are selected to be technological leaders, and we assess welfare implications. Poorly defined intellectual property rights imply that leaders have insufficient incentive to invent and followers have excessive incentive to copy.
978 citations
TL;DR: This article argued that the convergence controversy may reflect differences in perception regarding the viable set of competing testable hypotheses generated by existing growth theories, and that in contrast to the prevailing wisdom, the traditional neo-classical growth paradigm generates the club convergence hypothesis as well as the conditional convergence hypothesis.
Abstract: This essay suggests that the convergence controversy may reflect, in part, differences in perception regarding the viable set of competing testable hypotheses generated by existing growth theories. It argues that in contrast to the prevailing wisdom, the traditional neo-classical growth paradigm generates the club convergence hypothesis as well as the conditional convergence hypothesis. Furthermore, the inclusion of empirically significant variables such as human capital, income distribution, and fertility in conventional growth models, along with capital market imperfections, externalities, and non-convexities, strengthens the viability of club convergence as a competing hypothesis with conditional convergence.
975 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2025 | 7 |
| 2024 | 3 |
| 2023 | 24 |
| 2022 | 32 |
| 2021 | 17 |
| 2020 | 18 |