A new look at global growth convergence and divergence

Michele Battisti, Gianfranco di Vaio, Joseph Zeira 09 January 2014

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The phenomenon of modern economic growth is fairly new. It started less than two centuries ago, but it changed our lives significantly. One of the main changes is that income gaps between countries have greatly increased. One of the main questions that concern economists who study economic growth is whether these gaps are still growing, or countries are instead converging to the same level of income. This question is empirical, but it has important theoretical implications, as our main growth theories predict convergence between countries.

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Topics:  Development Frontiers of economic research

Tags:  growth, convergence, technology transfer, divergence

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