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Economic Growth and Convergence across the Seven Colonies of Australasia: 1861-1991

Paul Cashin ()

The Economic Record, 1995, vol. 71, issue 213, 132-44

Abstract: Have the poor economies of Australasia grown faster than the rich ones? This question is analyzed for the seven colonies of Australasia for the period 1861-1991 and it is found that the levels of per-capita income across the colonies are converging to one another: the initially poor colonies have indeed grown faster. The cross-sectional dispersion of per-capita incomes also declined between 1861-1991, but most of this decline occurred in the prefederation 1861-1901 period as the extent of dispersion in 1991 is very close to that attained in 1901. Copyright 1995 by The Economic Society of Australia.

Date: 1995
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Working Paper: Economic Growth and Convergence Across the Seven Colonies of Australia: 1861-1991 (1993)
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Handle: RePEc:bla:ecorec:v:71:y:1995:i:213:p:132-44