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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/10012475290
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/10012470496
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/10012465179
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/10012460366
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/10012470120
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/10012472251
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/10012472931
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/10012475773
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/10012465414
person in the world. We then estimate the gaussian kernel density function for the worldwide distribution of income. We … compute world poverty rates by integrating the density function below the poverty lines. The $1/day poverty rate has fallen …
Persistent link: https://www.econbiz.de/10012469810