From Growth To Convergence

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The Next Convergence

Author : Michael Spence
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429968710
Total Pages : 320 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Next Convergence by : Michael Spence

Download or read book The Next Convergence written by Michael Spence and published by Farrar, Straus and Giroux. This book was released on 2011-05-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.

NBER Macroeconomics Annual 2021

Author : Martin Eichenbaum
Publisher : National Bureau of Economic Research Macroeconomics Annual
ISBN 13 : 9780226821719
Total Pages : 512 pages
Book Rating : 4.8/5 (217 download)

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Book Synopsis NBER Macroeconomics Annual 2021 by : Martin Eichenbaum

Download or read book NBER Macroeconomics Annual 2021 written by Martin Eichenbaum and published by National Bureau of Economic Research Macroeconomics Annual. This book was released on 2022-05-17 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual 2021 presents research-central issues in contemporary macroeconomics. Robert Hall and Marianna Kudlyak examine unemployment dynamics during economic recoveries. They present new empirical findings and explore models in which the labor market gradually draws down the stock of unemployed workers in the aftermath of a downturn. Titan Alon, Sena Coskun, Matthias Doepke, David Koll, and Michèle Tertilt analyze the relative decline in employment of women during the COVID-19 pandemic and the associated global recession. They show that increased childcare needs, which fell more heavily on women, and differences in occupations both contributed. In the case of the US, however, each of these factors account for less than 20% of the gender gap in hours worked during the pandemic. Richard Rogerson and Johanna Wallenius study the employment rates of older workers in OECD countries over the last forty years. An expansion of institutions incentivizing retirement, concurrent with negative aggregate shocks between 1970 and 1995, led to falling employment rates. This trend started to reverse in the mid-1990s when many of these institutions, such as public pension programs, were cut back. Michael Barnett, William Brock, and Lars Peter Hansen explore the consequences of risk, ambiguity, and model misspecification in climate policy design. They consider carbon emissions pricing and the effects of different sources of uncertainty--such as future information about environmental damage, uncertainties in carbon and temperature dynamics and damage functions, and the role of future green technologies--on policy design. Michael Kremer, Jack Willis, and Yang You present new evidence suggesting a steady trend toward income convergence across countries since the late 1980s. They find convergence in various determinants of economic growth across countries and a flattening of the relationship between growth and these determinants. The paper challenges theories of growth arising after earlier rejections of the neoclassical growth model.

Economic Growth and Convergence

Author : Michał Bernardelli
Publisher : Routledge
ISBN 13 : 1000407233
Total Pages : 164 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Economic Growth and Convergence by : Michał Bernardelli

Download or read book Economic Growth and Convergence written by Michał Bernardelli and published by Routledge. This book was released on 2021-06-30 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.

The Great Convergence

Author : Richard Baldwin
Publisher : Harvard University Press
ISBN 13 : 067466048X
Total Pages : 340 pages
Book Rating : 4.6/5 (746 download)

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Book Synopsis The Great Convergence by : Richard Baldwin

Download or read book The Great Convergence written by Richard Baldwin and published by Harvard University Press. This book was released on 2016-11-14 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: From 1820 to 1990 the share of world income going to today’s wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out.

Economic Growth and Convergence

Author : Robert J. Barro
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Growth and Convergence by : Robert J. Barro

Download or read book Economic Growth and Convergence written by Robert J. Barro and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Convergence Clubs in Labor Productivity and its Proximate Sources

Author : Carlos Mendez
Publisher : Springer Nature
ISBN 13 : 9811586292
Total Pages : 72 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Convergence Clubs in Labor Productivity and its Proximate Sources by : Carlos Mendez

Download or read book Convergence Clubs in Labor Productivity and its Proximate Sources written by Carlos Mendez and published by Springer Nature. This book was released on 2020-11-05 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Testing for economic convergence across countries has been a central issue in the literature of economic growth and development. This book introduces a modern framework to study the cross-country convergence dynamics in labor productivity and its proximate sources: capital accumulation and aggregate efficiency. In particular, recent convergence dynamics of developed as well as developing countries are evaluated through the lens of a non-linear dynamic factor model and a clustering algorithm for panel data. This framework allows us to examine key economic phenomena such as technological heterogeneity and multiple equilibria. In this context, the book provides a succinct review of the recent club convergence literature, a comparative view of developed and developing countries, and a tutorial on how to implement the club convergence framework in the statistical software Stata.

From Growth to Convergence

Author : F. Zhai
Publisher : Springer
ISBN 13 : 0230250602
Total Pages : 352 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis From Growth to Convergence by : F. Zhai

Download or read book From Growth to Convergence written by F. Zhai and published by Springer. This book was released on 2009-02-25 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic landscape of Asia has transformed in the past two decades. Regional economies are linked, and have achieved prosperity. The region must now look to the future. This book explores issues in Asia's long-term development, identifying conditions for sustained growth and income convergence.

Economic Growth and Convergence

Author : Michał Bernardelli
Publisher : Routledge
ISBN 13 : 1000407195
Total Pages : 196 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Economic Growth and Convergence by : Michał Bernardelli

Download or read book Economic Growth and Convergence written by Michał Bernardelli and published by Routledge. This book was released on 2021-06-30 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.

Empirics for Economic Growth and Convergence

Author : Danny Quah
Publisher :
ISBN 13 : 9780753002476
Total Pages : 23 pages
Book Rating : 4.0/5 (24 download)

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Book Synopsis Empirics for Economic Growth and Convergence by : Danny Quah

Download or read book Empirics for Economic Growth and Convergence written by Danny Quah and published by . This book was released on 1995 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Convergence Clubs and Spatial Externalities

Author : Stilianos Alexiadis
Publisher : Springer Science & Business Media
ISBN 13 : 3642316263
Total Pages : 254 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Convergence Clubs and Spatial Externalities by : Stilianos Alexiadis

Download or read book Convergence Clubs and Spatial Externalities written by Stilianos Alexiadis and published by Springer Science & Business Media. This book was released on 2012-09-24 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do dynamic externalities, in the form of technology creation, adoption and spatial agglomeration shape the pattern of regional growth in Europe? This study provides an alternative view on regional convergence. A model is developed which attributes club-convergence to existing differences with respect to the degree of technology adoption. In the first instance, empirical results suggest that the NUTS-2 regions of the EU-27 converge at a very slow rate. Further tests, however, indicate that convergence is restricted to a specific subset of regions. Such conclusions are tested further, using an alternative model of club-convergence, which incorporates the impact of spatial interaction, agglomeration externalities and technology. This shows that the convergence-club in Europe follows a certain geographical pattern and all members share similar characteristics regarding technology creation and adoption, and agglomeration externalities.

Hunger in the Contemporary World

Author : Amartya Sen
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (6 download)

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Book Synopsis Hunger in the Contemporary World by : Amartya Sen

Download or read book Hunger in the Contemporary World written by Amartya Sen and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Convergence

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309301645
Total Pages : 152 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Convergence by : National Research Council

Download or read book Convergence written by National Research Council and published by National Academies Press. This book was released on 2014-06-16 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Convergence of the life sciences with fields including physical, chemical, mathematical, computational, engineering, and social sciences is a key strategy to tackle complex challenges and achieve new and innovative solutions. However, institutions face a lack of guidance on how to establish effective programs, what challenges they are likely to encounter, and what strategies other organizations have used to address the issues that arise. This advice is needed to harness the excitement generated by the concept of convergence and channel it into the policies, structures, and networks that will enable it to realize its goals. Convergence investigates examples of organizations that have established mechanisms to support convergent research. This report discusses details of current programs, how organizations have chosen to measure success, and what has worked and not worked in varied settings. The report summarizes the lessons learned and provides organizations with strategies to tackle practical needs and implementation challenges in areas such as infrastructure, student education and training, faculty advancement, and inter-institutional partnerships.

Global Productivity

Author : Alistair Dieppe
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

OECD Compendium of Productivity Indicators 2019

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264603980
Total Pages : 152 pages
Book Rating : 4.2/5 (646 download)

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Book Synopsis OECD Compendium of Productivity Indicators 2019 by : OECD

Download or read book OECD Compendium of Productivity Indicators 2019 written by OECD and published by OECD Publishing. This book was released on 2019-04-29 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries.

Convergence Marketing

Author : Richard Rosen
Publisher : John Wiley & Sons
ISBN 13 : 0470522399
Total Pages : 208 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Convergence Marketing by : Richard Rosen

Download or read book Convergence Marketing written by Richard Rosen and published by John Wiley & Sons. This book was released on 2009-03-16 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a common language, better processes, and a set of practical tools, Convergence Marketing is a real-world guide that successfully combines the best of brand and direct into something more powerful and effective than either can be on its own. Convergence marketing offers the kind of real-time accountability that positions marketing as a vital and effective component of leadership's overall business strategy. Convergence brings brand and direct together with respect to both disciplines, within the same silos. And it offers the necessary tools and processes that deliver better results. Our global market demands nothing less than this fully integrated approach. Convergence Marketing is the key to shifting marketing communications efforts from a cost-based to a profit-driven model and will have your CFO begging you to spend more money.

Economic Convergence and Economic Policies

Author : Jeffrey Sachs
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Convergence and Economic Policies by : Jeffrey Sachs

Download or read book Economic Convergence and Economic Policies written by Jeffrey Sachs and published by . This book was released on 1995 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the crucial debates in development economics are encapsulated in the question of economic convergence. Is there a tendency for the poorer countries to grow more rapidly than the richer countries, and thereby to converge in living standards? Some recent research on endogenous growth has emphasized increasing returns as a possible reason not to expect convergence. Other research has suggested that convergence may be achieved only after poor countries attain a threshold level of income or human capital. This paper presents evidence that a sufficient condition for higher-than-average growth of poorer countries, and therefore convergence, is that poorer countries follow reasonably efficient economic policies, mainly open trade and protection of private property rights.

Time and Space

Author : Daniel A. Tirado-Fabregat
Publisher : Springer Nature
ISBN 13 : 3030475530
Total Pages : 424 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Time and Space by : Daniel A. Tirado-Fabregat

Download or read book Time and Space written by Daniel A. Tirado-Fabregat and published by Springer Nature. This book was released on 2020-11-07 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection examines the evolution of regional inequality in Latin America in the long run. The authors support the hypothesis that the current regional disparities are principally the result of a long and complex process in which historical, geographical, economic, institutional, and political factors have all worked together. Lessons from the past can aid current debates on regional inequalities, territorial cohesion, and public policies in developing and also developed countries. In contrast with European countries, Latin American economies largely specialized in commodity exports, showed high levels of urbanization and high transports costs (both domestic and international). This new research provides a new perspective on the economic history of Latin American regions and offers new insights on how such forces interact in peripheral countries. In that sense, natural resources, differences in climatic conditions, industrial backwardness and low population density areas leads us to a new set of questions and tentative answers. This book brings together a group of leading American and European economic historians in order to build a new set of data on historical regional GDPs for nine Latin American countries: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Uruguay and Venezuela. This transnational perspective on Latin American economic development process is of interest to researchers, students and policy makers.