Cross-country income convergence revisited

Levon Barseghyan and Riccardo DiCecio

Economics Letters, 2011, vol. 113, issue 3, 244-247

Abstract: We reassess convergence of income across countries and its determinants. The ergodic distribution of output per worker features multiple modes. In contrast to previous findings, productivity in the long run is unimodal. The long-run distribution of human capital is multimodal.

Keywords: Club convergence; Convergence; Development accounting; Distribution dynamics; Polarization; Stochastic kernel (search for similar items in EconPapers)
JEL-codes: O40 O47 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Working Paper: Cross-country income convergence revisited (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:3:p:244-247

DOI: 10.1016/j.econlet.2011.07.006

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