Convergence as distribution dynamics (with or without growth)

Danny Quah

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Convergence concerns the poor catching up with the rich|if not instan- taneously, then at least having a tendency to do so. When poor and rich here refer to entire economies, then whether convergence occurs is traditionally viewed as just a side consequence of a more central ques- tion, namely that concerning the nature of economic growth. This paper argues instead that convergence itself is of direct interest. When conver- gence is made central and thus investigated, new theoretical issues and empirical insights emerge: this paper provides a brief overview of what those lessons are, and conjectures what next might be learnt.

Keywords: cross-country convergence; distribution dynamics; divergence; polar- ization; regional convergence; stratification (search for similar items in EconPapers)
JEL-codes: C23 D30 E17 O57 (search for similar items in EconPapers)
Pages: 47 pages
Date: 1996-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:2254

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