Convergence Economics
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Convergence Economics
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-03-10
Convergence Economics written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-10 with Business & Economics categories.
What is Convergence Economics The idea of convergence in economics is the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. In the Solow-Swan growth model, economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker, which is the "steady state" is reached, where output, consumption and capital are constant. The model predicts more rapid growth when the level of physical capital per capita is low, something often referred to as “catch up” growth. As a result, all economies should eventually converge in terms of per capita income. Developing countries have the potential to grow at a faster rate than developed countries because diminishing returns are not as strong as in capital-rich countries. Furthermore, poorer countries can replicate the production methods, technologies, and institutions of developed countries. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Convergence (economics) Chapter 2: Economic growth Chapter 3: Environmental determinism Chapter 4: Development economics Chapter 5: Demographic transition Chapter 6: Simon Kuznets Chapter 7: Endogenous growth theory Chapter 8: Productivity Chapter 9: Malthusianism Chapter 10: Overlapping generations model Chapter 11: Heckscher-Ohlin model Chapter 12: International economics Chapter 13: Solow residual Chapter 14: Solow-Swan model Chapter 15: Stanley Engerman Chapter 16: Flying geese paradigm Chapter 17: Great Divergence Chapter 18: Moses Abramovitz Chapter 19: Kenneth Sokoloff Chapter 20: Oded Galor Chapter 21: Galor-Zeira model (II) Answering the public top questions about convergence economics. (III) Real world examples for the usage of convergence economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Convergence Economics.
Economic Growth And Convergence
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Author : Michał Bernardelli
language : en
Publisher: Routledge
Release Date : 2021-06-30
Economic Growth And Convergence written by Michał Bernardelli and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-30 with Business & Economics categories.
There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.
Economic Convergence And Economic Policies
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Author : Jeffrey Sachs
language : en
Publisher:
Release Date : 1995
Economic Convergence And Economic Policies written by Jeffrey Sachs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Developing countries categories.
Many of the crucial debates in development economics are encapsulated in the question of economic convergence. Is there a tendency for the poorer countries to grow more rapidly than the richer countries, and thereby to converge in living standards? Some recent research on endogenous growth has emphasized increasing returns as a possible reason not to expect convergence. Other research has suggested that convergence may be achieved only after poor countries attain a threshold level of income or human capital. This paper presents evidence that a sufficient condition for higher-than-average growth of poorer countries, and therefore convergence, is that poorer countries follow reasonably efficient economic policies, mainly open trade and protection of private property rights.
The Grand Convergence
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Author : J. Yunker
language : en
Publisher: Springer
Release Date : 2010-09-13
The Grand Convergence written by J. Yunker and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-13 with Political Science categories.
This book describes, evaluates, and advocates for, sweeping changes in our global economic and political structure to ensure the prospects of global human civilization as we confront an uncertain future. It argues both for the Marshall Plan and for a limited federal world government to replace the quasi-anarchic international regime of today.
The Next Convergence
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Author : Michael Spence
language : en
Publisher: Farrar, Straus and Giroux
Release Date : 2011-05-10
The Next Convergence written by Michael Spence and has been published by Farrar, Straus and Giroux this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-10 with Business & Economics categories.
A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
Economic Growth And Convergence
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Author : Robert J. Barro
language : en
Publisher:
Release Date : 1994
Economic Growth And Convergence written by Robert J. Barro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Convergence (Economics) categories.
The Great Convergence
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Author : Richard Baldwin
language : en
Publisher: Harvard University Press
Release Date : 2016-11-14
The Great Convergence written by Richard Baldwin and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-14 with Business & Economics categories.
From 1820 to 1990 the share of world income going to today’s wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out.
Productivity Convergence
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Author : Edward N. Wolff
language : en
Publisher: Cambridge University Press
Release Date : 2014
Productivity Convergence written by Edward N. Wolff and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
This book critically reviews the most significant works that examine the sources of economic growth.
Economic Convergence And Divergence In Europe
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Author : Gertrude Tumpel-Gugerell
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003-01-01
Economic Convergence And Divergence In Europe written by Gertrude Tumpel-Gugerell and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.
Recoge : 1. Introductory session. - 2. Past convergence within the European Union. - 3. Accesion countries : achievements in real convergence. - 4. Accesion countries : how to balance real and nominal convergence challenges for monetary and exchange rate policy. - 5. Does the financial sector contribute to real growth? - 6. Is there somebody left out in the cold? prospects of CEE countries other than current accesion countries. - 7. Policy challenges within the (enlarged) EU : how to foster economic convergence?
Convergence Clubs In Labor Productivity And Its Proximate Sources
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Author : Carlos Mendez
language : en
Publisher: Springer Nature
Release Date : 2020-11-05
Convergence Clubs In Labor Productivity And Its Proximate Sources written by Carlos Mendez and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-05 with Business & Economics categories.
Testing for economic convergence across countries has been a central issue in the literature of economic growth and development. This book introduces a modern framework to study the cross-country convergence dynamics in labor productivity and its proximate sources: capital accumulation and aggregate efficiency. In particular, recent convergence dynamics of developed as well as developing countries are evaluated through the lens of a non-linear dynamic factor model and a clustering algorithm for panel data. This framework allows us to examine key economic phenomena such as technological heterogeneity and multiple equilibria. In this context, the book provides a succinct review of the recent club convergence literature, a comparative view of developed and developing countries, and a tutorial on how to implement the club convergence framework in the statistical software Stata.