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The Poorest might catch up: Convergence vs. Pseudo-convergence

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  • M.H. Suryanarayana

    () (Indira Gandhi Institute of Development Research)

  • Mousumi Das

    () (Indira Gandhi Institute of Development Research)

Abstract

Public welfare policies in developing countries have a Rawlsian perspective; they seek to uplift the poor, the poorest of the poor in particular. Policies to enable the poor to catch up with the rich are generally two-fold, viz., inclusive growth, and redistributive (transfer) programmes. This paper proposes twin concepts and measures of convergence (I§*) and pseudo-convergence (pseudo-I§*) to characterize such outcomes. Unlike the conventional measures of convergence, they can contra-distinguish outcomes during economic growth as against decay. Illustrations based on estimates of per capita GDP and consumption across countries in the world show divergence and pseudo-divergence between 1993 and 2011.

Suggested Citation

  • M.H. Suryanarayana & Mousumi Das, "undated". "The Poorest might catch up: Convergence vs. Pseudo-convergence," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2014-005, Indira Gandhi Institute of Development Research, Mumbai, India.
  • Handle: RePEc:ind:igiwpp:2014-005
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    References listed on IDEAS

    as
    1. Sala-i-Martin, Xavier X, 1996. "The Classical Approach to Convergence Analysis," Economic Journal, Royal Economic Society, vol. 106(437), pages 1019-1036, July.
    2. Sala-i-Martin, Xavier X., 1996. "Regional cohesion: Evidence and theories of regional growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1325-1352, June.
    3. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
    4. M.H. Suryanarayana, 2008. "Inclusive Growth - What is so exclusive about it?," Macroeconomics Working Papers 22380, East Asian Bureau of Economic Research.
    5. Nazrul Islam, 2003. "What have We Learnt from the Convergence Debate?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 309-362, July.
    6. Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
    7. Robert J. Barro & Xavier Sala-i-Martin, 1990. "Economic Growth and Convergence across The United States," NBER Working Papers 3419, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Convergence; Pseudo-convergence; Sigma-convergence; Beta-convergence; Rawls; Welfare;

    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E0 - Macroeconomics and Monetary Economics - - General
    • F00 - International Economics - - General - - - General

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