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Convergence Clubs and Endogenous Growth

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Author Info
Chatterji, Monojit
Abstract

Recent data indicate a wide disparity in the growth performance of different nations. Such disparities have usually been taken to imply that there is to much catching up or convergence taking place. Using a modified version of the endogenous growth approach, we show that convergence is occurring but in a non-equalizing manner. The world appears to be segmented into two mutually exclusive "convergence clubs" with the members of the richer club enjoying a real income per capita which is significantly higher than that enjoyed by those belonging to the poorer club. Copyright 1992 by Oxford University Press.

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Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 8 (1992)
Issue (Month): 4 (Winter)
Pages: 57-69
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Handle: RePEc:oup:oxford:v:8:y:1992:i:4:p:57-69

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  15. Toni Mora, 2005. "Conditioning factors on regional European clubs - a distributional approach," ERSA conference papers ersa05p302, European Regional Science Association. [Downloadable!]
  16. Torres Solé, T. & Sala-Ríos, M., 2008. "La convergencia socio-económica de las Comunidades Autónomas españolas en la década de los noventa," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 26, pages 303-332, Julio. [Downloadable!] (restricted)
  17. Chowdhury, Khorshed & Mallik, Girijasankar, 2007. "SPair-Wise Output Convergence in East Asia and the Pacific: An Application of Stochastic Unit Root Test," Economics Working Papers wp07-07, School of Economics, University of Wollongong, NSW, Australia. [Downloadable!]
  18. Gyawali, Buddhi Raj & Fraser, Rory & Banerjee, Ban & Bukenya, James, 2009. "Income Convergence and Growth in Alabama: Evidence from Sub-county Level Data," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46713, Southern Agricultural Economics Association. [Downloadable!]
  19. Manfred Fischer & Claudia Stirböck, 2006. "Pan-European regional income growth and club-convergence," The Annals of Regional Science, Springer, vol. 40(4), pages 693-721, December. [Downloadable!] (restricted)
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  21. Julie Le Gallo & Sandy Dall'erba, 2004. "Evaluating the temporal and the spatial heterogeneity of the European convergence process, 1980-1999," Urban/Regional 0401003, EconWPA. [Downloadable!]
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