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Convergence of GDP per capita in advanced countries over the twentieth century

Author

Listed:
  • Antonin Bergeaud

    (Banque de France - Banque de France - Banque de France)

  • Gilbert Cette

    (Banque de France - Banque de France - Banque de France, AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Rémy Lecat

    (Banque de France - Banque de France - Banque de France)

Abstract

This study compares GDP per capita levels and growth rates across 17 advanced economies over the period 1890–2013 using an accounting breakdown and runs Phillips and Sul (Econometrica 75(6):1771–1855, 2007) convergence tests. An overall convergence process has been at work among advanced economies, mainly after WWII, driven mostly by capital intensity and then TFP, while trends in hours worked and employment rates are disparate. However, this convergence process came to a halt during technology shocks, during the two world wars and since the 1990s, with the convergence of advanced economies stopping far from the level of US GDP per capita.

Suggested Citation

  • Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2020. "Convergence of GDP per capita in advanced countries over the twentieth century," Post-Print hal-03032059, HAL.
    • Handle: RePEc:hal:journl:hal-03032059
    DOI: 10.1007/s00181-019-01761-x
    Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03032059v1
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    Cited by:

    1. Mateusz Tomal, 2024. "A review of Phillips‐Sul approach‐based club convergence tests," Journal of Economic Surveys, Wiley Blackwell, vol. 38(3), pages 899-930, July.
    2. Liuwu Chen & Guimei Zhang, 2024. "Research on the impact of digital financial inclusion and environmental regulation on industrial structure upgrading-based on spatial Durbin model analysis," PLOS ONE, Public Library of Science, vol. 19(11), pages 1-26, November.
    3. Jakub Bartak & Agnieszka Jastrzębska, 2022. "Mining patterns of transitional growth using multivariate concept-based models," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 4395-4419, December.
    4. Claire Alestra & Gilbert Cette & Valérie Chouard & Rémy Lecat, 2024. "Does economic convergence challenge global climate goals?," Working Papers halshs-04743613, HAL.
    5. Rémy Lecat & Dorothée Pasquier de Franclieu, 2024. "Convergence and Capital Flows in Europe: The Role of Financial Intermediation and Investor Quality," De Economist, Springer, vol. 172(2), pages 101-119, June.
    6. Jingkun Niu & Haifeng Du, 2021. "Coordinated Development Evaluation of Population–Land–Industry in Counties of Western China: A Case Study of Shaanxi Province," Sustainability, MDPI, vol. 13(4), pages 1-25, February.

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    Keywords

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    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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