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migrates across countries with similar microeconomic specifications. Conversely, in a world where some component of permanent …
Persistent link: https://www.econbiz.de/10013244896
argues that the likely impact of globalization on world inequality has been very different from what these simple …The world economy has become more unequal over the last two centuries. Since within- country inequality exhibits no … ubiquitous trend, it follows that virtually all of the observed rise in world income inequality has been driven by widening gaps …
Persistent link: https://www.econbiz.de/10013221931
countries of sub-Sahara Africa and elsewhere, and many of the latter are not only falling behind the world leaders, but have …
Persistent link: https://www.econbiz.de/10012775879
things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
Persistent link: https://www.econbiz.de/10013221862
In this paper I analyze whether international trade contributes to per capita income convergence across countries. The analysis focuses on four important post-1945 multilateral trade liberalizations. To identify trade's effect on income dispersion, in each case I use a difference-in-differences'...
Persistent link: https://www.econbiz.de/10013225397
particularly the incorporation of China and India into the world market economy. For 29 countries since 1919, the levels and trends …
Persistent link: https://www.econbiz.de/10013101830
reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … independent of one another. But most international trade economists have a very different perspective of a world in which … convergence. Finally, I give two examples applying some of these ideas to real-world data. The basic point of the paper is that …
Persistent link: https://www.econbiz.de/10013247408
This paper uses data for nineteen industrial countries over the period 1960-1985 to examine the evidence for international convergence of technical progress. Several models of convergence, including a model in which convergence is affected by changes in a country's openness to trade, are...
Persistent link: https://www.econbiz.de/10012767097
A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is...
Persistent link: https://www.econbiz.de/10012759959
Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences...
Persistent link: https://www.econbiz.de/10013240307