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Distribution Dynamics and Nonlinear Growth

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Author Info
 Fiaschi, Davide
Lavezzi, Andrea Mario

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Abstract

This paper extends the distribution dynamics approach to the study of the shape of the growth process of a cross-section of countries. We first identify some empirical implications of a nonlinear Solovian growth model with multiple equilibria. These implications are then tested by a novel definition of the state space, which jointly considers income and growth rate. The main findings are that nonlinearity is a salient feature of the overall picture, and that the cross-section dynamics is compatible with the existence of multiple equilibria. We also discuss how the hypothesis of conditional convergence may be challenged in the light of our results. Copyright 2003 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 8 (2003)
Issue (Month): 4 (December)
Pages: 379-401
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Handle: RePEc:kap:jecgro:v:8:y:2003:i:4:p:379-401

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Web page: http://www.springerlink.com/link.asp?id=102931

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  1. Hildegunn Ekroll Stokke, 2005. "Productivity Growth in Backward Economies and the Role of Barriers to Technology Adoption," Working Paper Series 4905, Department of Economics, Norwegian University of Science and Technology. [Downloadable!]
  2. Yasuyuki Todo, 2005. "Technology Adoption in Follower Countries: With or Without Local R&D Activities?," Topics in Macroeconomics, Berkeley Electronic Press, vol. 5(1), pages 1249-1249. [Downloadable!] (restricted)
  3. repec:att:wimass:192059 is not listed on IDEAS
  4. Maasoumi, Esfandiar & Racine, Jeff, 2006. "Growth And Convergence: A Profile Of Distribution Dynamics And Mobility," Departmental Working Papers 0605, Southern Methodist University, Department of Economics. [Downloadable!]
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  5. Davide Fiaschi & Andrea Mario Lavezzi, 2006. "Nonlinear Growth and the Productivity Slowdown," DEGIT Conference Papers c011_012, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
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  6. Donal O.Neill, 2005. "The Welfare Implications of Growth Regressions," Economics, Finance and Accounting Department Working Paper Series n1570505, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth. [Downloadable!]
  7. Chih Ming Tan, 2007. "Economic Growth Nonlinearities," Discussion Papers Series, Department of Economics, Tufts University 0701, Department of Economics, Tufts University. [Downloadable!]
  8. Sanghamitra Bandyopadhyay, 2006. "Rich States, Poor States: Convergence and Polarisation in India," Economics Series Working Papers 266, University of Oxford, Department of Economics. [Downloadable!]
  9. Henderson, Daniel J., 2008. "A Test for Multimodality of Regression Derivatives with an Application to Nonparametric Growth Regressions," MPRA Paper 8768, University Library of Munich, Germany. [Downloadable!]
  10. Carolina Castaldi & Giovanni Dosi, 2004. "Income Levels and Income Growth. Some New Cross-Country Evidence and Some Interpretative Puzzles," LEM Papers Series 2004/18, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
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