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Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs

Danny T Quah

Journal of Economic Growth, 1997, vol. 2, issue 1, 27-59

Abstract: This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an "emerging twin peaks" in the cross-sectional distribution, not simple patterns of convergence or divergence. The theoretical problems raised concern interaction patterns among subgroups of economies, not only problems of a single economy's accumulating factor inputs and technology for growth. Copyright 1997 by Kluwer Academic Publishers

Date: 1997
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