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Economic Growth and Convergence across the Seven Colonies of Australasia: 1861-1991

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Cashin, Paul

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Abstract

Have the poor economies of Australasia grown faster than the rich ones? This question is analyzed for the seven colonies of Australasia for the period 1861-1991 and it is found that the levels of per-capita income across the colonies are converging to one another: the initially poor colonies have indeed grown faster. The cross-sectional dispersion of per-capita incomes also declined between 1861-1991, but most of this decline occurred in the prefederation 1861-1901 period as the extent of dispersion in 1991 is very close to that attained in 1901. Copyright 1995 by The Economic Society of Australia.

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Publisher Info
Article provided by The Economic Society of Australia in its journal The Economic Record.

Volume (Year): 71 (1995)
Issue (Month): 213 (June)
Pages: 132-44
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Handle: RePEc:bla:ecorec:v:71:y:1995:i:213:p:132-44

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  1. Ian McLean, 2004. "Australian Economic Growth in Historical Perspective," Method and Hist of Econ Thought 0410003, EconWPA. [Downloadable!]
  2. Etsuro Shioji, 1992. "Regional Growth in Japan," Economics Working Papers 138, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 1995. [Downloadable!]
  3. Arthur Grimes, 2005. "New Zealand: A Typical Australasian Economy?," Economic History 0509004, EconWPA. [Downloadable!]
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  4. DOBSON, Steve & RAMLOGAN, Carlyn & STROBL, Eric, 2003. "Why do rates of convergence differ ? A meta-regression analysis," CORE Discussion Papers 2003020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
  5. Ward, William A. & Hite, James C., 1999. "Asset Fixity, Asset Specificity And Regional Economic Change: Hypothesis And Implications," Working Papers 18807, Clemson University, Department of Agricultural and Applied Economics. [Downloadable!]
  6. Maria Abreu & Henri L.F. de Groot & Raymond J.G.M. Florax, 2005. "A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent," Tinbergen Institute Discussion Papers 05-001/3, Tinbergen Institute. [Downloadable!]
  7. Andrew Henley, 2005. "On regional growth convergence in Great Britain," Regional Studies, Taylor and Francis Journals, vol. 39(9), pages 1245-1260, December. [Downloadable!] (restricted)
  8. Serge Coulombe, 2000. "New Evidence of Convergence Across Canadian Provinces: The Role of Urbanization," Regional Studies, Taylor and Francis Journals, vol. 34(8), pages 713-725, November. [Downloadable!] (restricted)
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