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Industrialisation, Catching Up and Economic Growth: A Comparative Study across the World's Capitalist Economies

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Author Info
Dowrick, Steve
Gemmell, Norman

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Abstract

Various hypotheses are examined seeking to explain inter-country convergence at the upper end, but divergence at the lower end, of the world income rankings. A model of disequilibrium growth with sector-specific technological progress and spillover is developed and then estimated on two samples of capitalist economies 1960-85. It is found that the degree of disequilibrium between agriculture and industry is greatest in the least developed economies, but their rate of labor transfer has been slow. Technological spillover has stimulated productivity growth in less developed agricultural sectors, but not in the industrial sectors of the least developed economies. Copyright 1991 by Royal Economic Society.

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Publisher Info
Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 101 (1991)
Issue (Month): 405 (March)
Pages: 263-75
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Handle: RePEc:ecj:econjl:v:101:y:1991:i:405:p:263-75

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  1. Jonathan Temple & Ludger Woessmann, 2004. "Dualism and Cross-Country Growth Regressions," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  2. Norman Gemmell, & Tim Lloyd, & Marina Mathew, . "Dynamic Sectoral Linkages and Structural Change in a Developing Economy," Discussion Papers 98/3, University of Nottingham, CREDIT. [Downloadable!]
  3. Thomas P. Lyon, 2005. "Making Capitalism Work: Social Capital and Economic Growth in Italy, 1970-1995," Working Papers 2005.70, Fondazione Eni Enrico Mattei. [Downloadable!]
  4. Norman Gemmell & Tim Lloyd, 2002. "An extended 'Feder' model of dualistic growth," Economics Bulletin, Economics Bulletin, vol. 15(9), pages 1-6. [Downloadable!]
  5. Leone Leonida, . "On the Effects of Industrialization Processes on Growth and Convergence Dynamics: Evidence from Italian Regions," Discussion Papers 04/15, Department of Economics, University of York. [Downloadable!]
  6. Ang, James & Madsen, Jakob, 2009. "Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?," MPRA Paper 17543, University Library of Munich, Germany. [Downloadable!]
  7. Dowrick, S, 1993. "New Theory and Evidence on Economic Growth and their Implications for Australian Policy," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 23(2), pages 105-121. [Downloadable!]
  8. Alexamder, W.R. & Hansen, P. Author-Emai, 2004. "A Criritique of the Multi-Sector Model of the Effects of Military Spending on Economic Growth," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(2). [Downloadable!]
  9. Areendam Chanda & Carl-Johan Dalgaard, 2003. "Dual Economies and International Total Factor Productivity Differences," Macroeconomics 0305002, EconWPA. [Downloadable!]
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  10. Ping Wang, 2002. "Activation of a Modern Industry," Microeconomics Working Papers 222, East Asian Bureau of Economic Research. [Downloadable!]
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  11. Jonathan Temple, 2006. "Aggregate Production Functions and Growth Economics," International Review of Applied Economics, Taylor and Francis Journals, vol. 20(3), pages 301-317, July. [Downloadable!] (restricted)
  12. John F. Helliwell & Alan Chung, 1992. "Convergence and Growth Linkages Between North and South," NBER Working Papers 3948, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  13. Sai Ding & John Knight, 2008. "Why has China Grown So Fast? The Role of Structural Change," Economics Series Working Papers 415, University of Oxford, Department of Economics. [Downloadable!]
  14. James Y. Yao & Calvin A. McDonald, 2003. "Mauritius: Unemployment and the Role of Institutions," IMF Working Papers 03/211, International Monetary Fund. [Downloadable!]
  15. Temple, Jonathan, 2001. "Structural Change and Europe's Golden Age," CEPR Discussion Papers 2861, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  16. Leone Leonida & Daniel Montolio, 2004. "On the determinants of convergence and divergence processes in Spain," Investigaciones Economicas, Fundación SEPI, vol. 28(1), pages 89-121, January. [Downloadable!]
  17. John F. Helliwell, 1992. "Trade and Technical Progress," NBER Working Papers 4226, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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