Patterns of Economic Development and the Formation of Clubs
This study investigates the sources of heterogeneity across a worldwide set of countries. Unspecified ex ante and unanticipated cultural (Protestant versus Catholic), geographical (continents), and institutional (OECD versus non-OECD) clubs emerge endogenously and naturally as homogeneous classes on the basis of their economic structure. The dynamics both within and across the identified groups of countries are consistent with multiple equilibrium-growth models proposed by, for instance, Azariadis and Drazen (1990), therefore strengthening the viability of the convergence club hypothesis. In particular, higher stages of development are, on average, non linearly associated with higher stages of growth. Copyright 1999 by Kluwer Academic Publishers
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Volume (Year): 4 (1999)
Issue (Month): 3 (September)
Pages: 305-30
| Handle: | RePEc:kap:jecgro:v:4:y:1999:i:3:p:305-30 |
| Contact details of provider: | Web page: http://www.springerlink.com/link.asp?id=102931
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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.:
- Steven N. Durlauf & Danny T. Quah, 1998.
"The New Empirics of Economic Growth,"
Working Papers
98-01-012, Santa Fe Institute.
- Durlauf, Steven N. & Quah, Danny T., 1999. "The new empirics of economic growth," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 4, pages 235-308 Elsevier.
- Durlauf,S.N. & Quah,D.T., 1998. "The new empirics of economic growth," Working papers 3, Wisconsin Madison - Social Systems.
- Steven N. Durlauf & Danny T. Quah, 1998. "The New Empirics of Economic Growth," NBER Working Papers 6422, National Bureau of Economic Research, Inc.
- S Durlauf & Danny Quah, 1998. "The New Empirics of Economic Growth," CEP Discussion Papers dp0384, Centre for Economic Performance, LSE.
- Galor, Oded, 1996.
"Convergence? Inferences from Theoretical Models,"
Economic Journal,
Royal Economic Society, vol. 106(437), pages 1056-69, July.
- Galor, Oded, 1996. "Convergence? Inferences from Theoretical Models," CEPR Discussion Papers 1350, C.E.P.R. Discussion Papers.
- Costas Azariadis, 1996.
"The Economics of Poverty Traps Part One: Complete Markets,"
Working Papers
9606, Centro de Investigacion Economica, ITAM.
- Azariadis, Costas, 1996. " The Economics of Poverty Traps: Part One: Complete Markets," Journal of Economic Growth, Springer, vol. 1(4), pages 449-96, December.
- repec:cup:cbooks:9780521637695 is not listed on IDEAS
- Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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