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Simple Measures of Convergence in Per Capita GDP: A Note on Some Further International Evidence

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  • Gerry Boyle;

    ()

  • Tom McCarthy

    ()

Abstract

We apply simple measures of convergence in per capita GDP, namely, the trends in the coefficient of variation (sigma-convergence) and rank concordance (gamma-convergence), for the period 1960-1992 to a wide group of countries which are classified using the World Bank typology. The findings indicate sigma-convergence,albeit at a slow rate, for "High Income" and "Upper Middle Income" countries, very slow to negligible convergence for "Lower Middle Income" countries and divergence for "Low Income" countries. Our results also suggest several periods for all country categories when sigma- convergence is constant. However, since we do not find gamma-convergence during these episodes, we conclude that beta-convergence is not demonstrated. The rank concordance measure emerges as significant only from about the late 1980s, save in the case of "Low Income" countries where "leap frogging" is observed from about 1981. The implications of these results for the neoclassical growth model are discussed.

Suggested Citation

  • Gerry Boyle; & Tom McCarthy, 1997. "Simple Measures of Convergence in Per Capita GDP: A Note on Some Further International Evidence," Economics, Finance and Accounting Department Working Paper Series n751197, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
  • Handle: RePEc:may:mayecw:n751197
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    File URL: http://repec.maynoothuniversity.ie/mayecw-files/N751197.pdf
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    References listed on IDEAS

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    1. 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.
    2. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    3. Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-2132, December.
    4. Boyle, G E & McCarthy, T G, 1997. "A Simple Measure of Beta-Convergence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 59(2), pages 257-264, May.
    5. Quah, Danny, 1993. " Galton's Fallacy and Tests of the Convergence Hypothesis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 95(4), pages 427-443, December.
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    Citations

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    Cited by:

    1. Iulia Andreea Bucur, 2012. "National And Regional Coordinates Of The Real Convergence Process Intensity In The Enlarged European Union," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(3), pages 274-287, September.
    2. Naved Ahmad, 2008. "Corrupt clubs and the convergence hypothesis," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 11(1), pages 21-28.
    3. Kenneth G. Stewart & Michael C. Webb, 2003. "Capital Taxation, Globalization, and International Tax Competition," Econometrics Working Papers 0301, Department of Economics, University of Victoria.
    4. Amalia Morales-Zumaquero & Simón Sosvilla-Rivero, 2016. "A contribution to the empirics of convergence in real GDP growth: the role of financial crises and exchange-rate regimes," Applied Economics, Taylor & Francis Journals, vol. 48(23), pages 2156-2169, May.
    5. repec:jes:wpaper:y:2012:v:4:p:274-287 is not listed on IDEAS
    6. Carmela Martin & Francisco J. Velazquez., 2001. "An Assessment of Real Convergence of Less Developed EU Members: Lessons for the CEEC Candidates," European Economy Group Working Papers 5, European Economy Group.
    7. Carmela Martín & Ismael Sanz, 2003. "Real Convergence and European Integration: The Experience of the Less Developed EU Members," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(3), pages 205-236, September.
    8. Martín, Carmela & Mulas-Granados, Carlos & Sanz, Ismael, 2005. "Spatial distribution of R&D expenditure and patent applications across EU regions and its impact on economic cohesion," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 6, pages 41-61.
    9. Ismael Sanz & Francisco J. Velazquez, 2001. "The evolution and convergence of the government expenditure composition in the OECD countries: an analysis of the functional distribution," European Economy Group Working Papers 9, European Economy Group.
    10. Paul Bishop & Peter Gripaios, 2004. "Earnings biases and convergence in the UK: a county level analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 11(1), pages 33-37.

    More about this item

    Keywords

    Economic Growth;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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