Economic Growth and Conditional Convergence: Its Speed For Selected Regions For 1961-2001

Somesh K. Mathur
Additional contact information
Somesh K. Mathur: Lecturer-Department of Economics, Jamia Millia Islamia (Central University), New Delhi-25

Indian Economic Review, 2005, vol. 40, issue 2, 185-208

Abstract: The study gives the theoretical justification for the per capita growth equations using Solovian model (1956) and its factor accumulation assumptions. The different forms of the per capita growth equation is used to test for 'conditional convergence' hypotheses and also work out the speed of conditional convergence for EU, East Asian and South Asian regions together from 1961-2001. Conditional convergence is prevalent among almost all pairs of regions in our sample except East Asian and South Asian nations together. Speed of conditional convergence ranges from 0.2 % in an year to 22%. Countries that are poor relative to their own steady state do tend to grow more rapidly. It does not mean that all countries in the world are converging to the same steady state, only that they are converging to their own steady states (conditional convergence)

Keywords: Growth equation; conditional convergence; speed of conditional convergence (search for similar items in EconPapers)
JEL-codes: C6 D5 D9 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (9)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dse:indecr:v:40:y:2005:i:2:p:185-208

Ordering information: This journal article can be ordered from
http://www.ierdse.org/

Access Statistics for this article

Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar

More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC.
Bibliographic data for series maintained by Pami Dua ().