Growth escalators and growth convergence

Ejaz Ghani, 17 August 2014

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The literature on global growth convergence and divergence is vast and deep. And it is still evolving. Some have argued that global growth is actually diverging across countries. Pritchett (1977) called this “divergence, big time”, whereby the living standards of a few countries pulled away from the rest in the aftermath of the industrial revolution.

Topics: Development
Tags: Africa, convergence, growth

A new look at global growth convergence and divergence

Michele Battisti, Gianfranco di Vaio, Joseph Zeira, 9 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.

Topics: Development, Frontiers of economic research
Tags: convergence, divergence, growth, technology transfer

Manufacturing is special

Dani Rodrik, 9 November 2011

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Poor countries have access to world markets, off-the-shelf technologies developed by others, and rich countries’ savings. So in principle, they should develop rapidly – more rapidly than advanced economies, which are already at the technological frontier. Yet the historical record belies this expectation.

Topics: Industrial organisation, Productivity and Innovation
Tags: convergence, growth, manufacturing, productivity

Unconditional convergence

Dani Rodrik, 31 October 2011

Vox readers can download CEPR Discussion Paper 8631 for free here. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: http://www.cepr.org/DP8631
Topics: Development, Industrial organisation, Productivity and Innovation
Tags: convergence, GDP growth, manufacturing sector, productivity, technology

EMU has led to increased stability and convergence of financial markets in euro area

Michael Ehrmann, Marcel Fratzscher, Refet S. Gürkaynak, Eric T Swanson , 17 September 2007

One desired outcome at the time when EMU was conceived was having countries with less well-anchored expectations benefit from a more credible monetary policy-making framework.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=6456.asp
Topics: EU policies, Financial markets
Tags: anchoring, bond markets, convergence, credibility, EMU, euro area, monetary policy

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