Gundlach, Erich - In: Weltwirtschaftliches Archiv 133 (1997) 3, pp. 479-496
, physical capital?s share in factor income determines the difference in the predicted convergence rates for open and closed … economies. With a 60 percent share as in many developing countries, the convergence rates should differ by a factor of about 2 …Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of …