A Continuous State Space Approach to “Convergence by Parts”

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply that traps in both TFP growth and capital accumulation may matter.

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Year of publication:	2003-12
Authors:	Johnson, Paul
Institutions:	Economics Department, Vassar College

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Extent:	application/pdf
Series:	Vassar College Department of Economics Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 54
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005588761