Economic Growth and Convergence Across the Seven Colonies of Australia: 1861-1991
Have the poor economies of Australasia grown faster than the rich ones? This question is analyzed for the seven colonies of Australasia for the period 1861-1991 and it is found that the levels of per-capita income across the colonies are converging to one another: the initially poor colonies have indeed grown faster. The cross-sectional dispersion of per-capita incomes also declined between 1861-1991, but most of this decline occurred in the prefederation 1861-1901 period as the extent of dispersion in 1991 is very close to that attained in 1901. Copyright 1995 by The Economic Society of Australia.
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