The Twin Peaks in National Income. Parametric and Nonparametric Estimates
The twin-peaked (bimodal) shape of the distribution of per capita income is an intensively discussed topic in economic growth research. The data show that the world income distribution starts with an unimodal structure in 1960 and evolves subsequently towards a bimodal or twin-peaked structure. This empirical result can be replicated by a theoretically based synergetic model using the master equation approach. The present paper extends this discussion by trying to find direct empirical evidence for the mechanism of the theoretical model. We empirically determine the transition rates used in the synergetic approach by applying alternatively nls to a priori specified functional forms and genetic programming in order to determine the parameters simultaneously with the functional forms. Plugging the so determined transition rates into the synergetic model leads in both cases to the emergence of the bimodal distribution which, however, appears to be only a transitory phenomenon.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kremer, Michael & Onatski, Alexei & Stock, James, 2001.
"Searching for prosperity,"
Carnegie-Rochester Conference Series on Public Policy,
Elsevier, vol. 55(1), pages 275-303, December.
- Quah, Danny, 1996.
"Twin Peaks: Growth and Convergence in Models of Distribution Dynamics,"
CEPR Discussion Papers
1355, C.E.P.R. Discussion Papers.
- Quah, Danny T, 1996. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics," Economic Journal, Royal Economic Society, vol. 106(437), pages 1045-55, July.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Pack, Howard & Page, John Jr., 1994. "Accumulation, exports, and growth in the high-performing Asian economies," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 199-235, June.
- Danny Quah, 1992.
"Empirical cross-section dynamics in economic growth,"
Discussion Paper / Institute for Empirical Macroeconomics
75, Federal Reserve Bank of Minneapolis.
- Quah, Danny, 1993. "Empirical cross-section dynamics in economic growth," European Economic Review, Elsevier, vol. 37(2-3), pages 426-434, April.
- Danny Quah, 1992. "Empirical Cross-Section Dynamics in Economic Growth," FMG Discussion Papers dp154, Financial Markets Group.
- Quah, Danny T., 1996. "Empirics for economic growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1353-1375, June.
- Andreas Pyka & Jens J. Kruger & Uwe Cantner, 2003.
"Twin Peaks: What the Knowledge-based Approach Can Say about the Dynamics of the World Income Distribution,"
in: Applied Evolutionary Economics, chapter 9
- Andreas Pyka & Uwe Cantner & Jens J. Krueger, 1999. "Twin-Peaks - What the Knowledge-Based Approach Can Say about the Dynamics of the World Income Distribution," Discussion Paper Series 189, Universitaet Augsburg, Institute for Economics.
- Nelson, Richard R. & Pack, Howard, 1998.
"The Asian miracle and modern growth theory,"
Policy Research Working Paper Series
1881, The World Bank.
- Quah, Danny, 1997. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs," CEPR Discussion Papers 1586, C.E.P.R. Discussion Papers.
- Cantner, Uwe & Pyka, Andreas, 1998. "Technological evolution -- an analysis within the knowledge-based approach," Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 85-107, March.
- Quah, Danny T, 1997. " Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs," Journal of Economic Growth, Springer, vol. 2(1), pages 27-59, March.
- Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-85, December.
- Danny Quah, 1996. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics," CEP Discussion Papers dp0280, Centre for Economic Performance, LSE.
- Schmertmann, Carl P, 1996. "Functional Search in Economics Using Genetic Programming," Computational Economics, Society for Computational Economics, vol. 9(4), pages 275-98, November.
- Jens Kaüger & Uwe Cantner & Horst Hanusch, 2000. "Total factor productivity, the east Asian miracle, and the world production frontier," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 136(1), pages 111-136, March.
- Quah, Danny, 2001. "Searching for prosperity a comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 55(1), pages 305-319, December.
When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_556_1127. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.