Negative externalities, productivity growth and the catching-up hypothesis
Barış Yörük ()
Applied Economics Letters, 2007, vol. 14, issue 6, 429-434
This article investigates the catching-up hypothesis for OECD countries. Unlike the previous studies, the results show that countries with low initial per capita income levels catch-up at a faster rate only when the presence of negative externalities is ignored in growth analysis.
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