Convergence empirics across economies with (some) capital mobility

Danny Quah

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

Abstract: This paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics of (cross-country) in- come distributions. This allows convenient study of the convergence hypothesis, and reveals, where appropriate, polarization and clumping within subgroups. The data show little cross-country convergence; in- stead, the important features are persistence, immobility, and polariza- tion, exemplied by \convergence club" or \twin peaks" dynamics

Keywords: convergence club; distribution dynamics; polarization; stochastic ker- nel; twin peaks (search for similar items in EconPapers)
JEL-codes: C23 F43 O47 (search for similar items in EconPapers)
Pages: 56 pages
Date: 1995-11
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:2257

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