What Remains of Cross-Country Convergence?

被引:133
|
作者
Johnson, Paul [1 ]
Papageorgiou, Chris [2 ]
机构
[1] Vassar Coll, Poughkeepsie, NY 12601 USA
[2] Int Monetary Fund, Washington, DC 20431 USA
关键词
TIME-SERIES TESTS; ECONOMIC-GROWTH; DISTRIBUTION DYNAMICS; INCOME-DISTRIBUTION; LONG MEMORY; BETA-CONVERGENCE; PER-CAPITA; NONPARAMETRIC ANALYSIS; INTERNATIONAL INCOME; PRODUCTIVITY GROWTH;
D O I
10.1257/jel.20181207
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closing the income gap between countries. We close with a brief examination of the recent literature on cross-individual distribution of income, which finds that despite the lack of progress on cross country convergence, global inequality has tended to fall since 2000.
引用
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页码:129 / 175
页数:47
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