Divergence, convergence, and the history-augmented Solow model

Vadim Kufenko; Klaus Prettner; Vincent Geloso ; Research Area "INEPA - Inequality and economic policy analysis"

We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence between the nowadays industrialized countries of the OECD. We show that the dispersion of incomes increased after the Industrial Revolution, peaked during the Second World War, and decreased afterwards. This pattern is fully consistent with the transitional dynamics implied by the history- augmented Solow model.

MoreLess

Year of publication:	June 2017
Authors:	Kufenko, Vadim ; Prettner, Klaus ; Geloso, Vincent
Publisher:	Stuttgart, Germany : University of Hohenheim, Faculty of Business, Economics and Social Sciences, Research Area INEPA
Subject:	History-augmented Solow model \| divergence \| convergence \| cross-country inequality \| Wirtschaftliche Konvergenz \| Economic convergence \| Neoklassisches Wachstumsmodell \| Neoclassical growth model \| Wachstumstheorie \| Growth theory \| Schätzung \| Estimation \| Welt \| World \| Solow-Modell \| Prognose \| Einkommensverteilung \| Ungleichheit \| Konvergenz

freely available

Full text |

More access options

nbn-resolving.org

opus.uni-hohenheim.de

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (7 Seiten) Diagramme
Series:	Hohenheim discussion papers in business, economics and social sciences. - Stuttgart : Univ. Hohenheim, Fak. Wirtschafts- u. Sozialwiss., ISSN 2364-2084, ZDB-ID 2809957-6. - Vol. Discussion paper 11-2017
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/162788 [Handle]
Classification:	J11 - Demographic Trends and Forecasts ; O11 - Macroeconomic Analyses of Economic Development ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011671956