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A continuous state space approach to "Convergence by Parts"

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  • Johnson, Paul A.

Abstract

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply that traps in both TFP growth and capital accumulation may matter.
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  • Johnson, Paul A., 2005. "A continuous state space approach to "Convergence by Parts"," Economics Letters, Elsevier, vol. 86(3), pages 317-321, March.
    • Handle: RePEc:eee:ecolet:v:86:y:2005:i:3:p:317-321
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