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Economic Convergence


Economic Convergence
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Economic Convergence And Economic Policies


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.



Economic Growth And Convergence


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.



Global Monetary And Economic Convergence


Global Monetary And Economic Convergence
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Author : Gusztáv Báger
language : en
Publisher: Routledge
Release Date : 2018-12-21

Global Monetary And Economic Convergence written by Gusztáv Báger and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-21 with Business & Economics categories.


Published in 1998. Global convergence has many aspects. The first part of this volume deals with European convergence, the second with convergence especially between Eastern and Western Europe. The third part with practical and the fourth with theoretical issues related to Global Convergence. The last part juxtaposes Hayekian and Triffian economic thought. The first of these, the Hayekian relies exclusively on the profit motive of the only arbiter of the economic decision-making. The Triffians thought insists that satisfactory balances can be brought about only through racial negotiation among market participants within countries and on a global scale. The Hayek-Triffin juxtaposition gains particular importance at a time when capital mobility, labour and social mobility have reached hitherto new levels on a global scale and this challenges social coherence. This difference will put social coherence under unusual stress. The solution of the problems created will be the greatest challenge to economic, social and political statemanship during the 21st century.



Economic Convergence And Divergence In Europe


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?



Economic Convergence In Greater China


Economic Convergence In Greater China
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Author : Chun Kwok Lei
language : en
Publisher: Routledge
Release Date : 2008-12-08

Economic Convergence In Greater China written by Chun Kwok Lei and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-08 with Business & Economics categories.


Although China's economy has grown rapidly in recent decades, there are still very large differences between the economies of mainland China and those of Hong Kong, Macau and Taiwan. This book considers how far economic convergence between these four territories has occurred, and the prospects for increased convergence in the future.



Economic Growth And Convergence


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.




Economic Convergence In The Euro Area Coming Together Or Drifting Apart


Economic Convergence In The Euro Area Coming Together Or Drifting Apart
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Author : Mr.Jeffrey R. Franks
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-23

Economic Convergence In The Euro Area Coming Together Or Drifting Apart written by Mr.Jeffrey R. Franks and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-23 with Business & Economics categories.


We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.



The Grand Convergence


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 Great Convergence


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.



The Next Convergence


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.