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Negative externalities, productivity growth and the catching-up hypothesis

Barış Yörük ()

Applied Economics Letters, 2007, vol. 14, issue 6, 429-434

Abstract: 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.

Date: 2007
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DOI: 10.1080/13504850500438710

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Handle: RePEc:taf:apeclt:v:14:y:2007:i:6:p:429-434