Economic Convergence and Economic Policies

Divergence Period in the European Convergence Process

“…Even considering the augmented Solow model, we may assume the same steady-states, because the human capital accumulation and technological accumulation, which are determinants of the steady-state according to the augmented Solow model and mentioned by other economists (e.g., Baumol 1994), are very similar in our group of countries. The analysed countries have very similar political and institutional characteristics what is the next argument for the common steady-state according to, e.g., Sachs and Warner (1995).…”

Global Income Distribution 1965–98: Convergence and Marginalisation

“…Whde the weighted regression above shows convergence, the unweighted version shows divergence. When the empirical growth convergence literature has failed to find empirical support for simple 'unconditional convergence' of the type examined in Table 1 (i.e., without 'conditioning' for other explanatory variables) (see, for example, Sachs and Warner, 1995;Ben-David, 2000), it may thus be because they gave all countries'the same weights. In 'conditional' growth regressions, however, the stagnation in small and poor countries in Africa is captured by variables reflecting education level, political stability etc., and the growth regressions now support the convergence hypothesis (Sachs and Warner, 1995;Barro, 1997).…”

Empirics of hills, plateaus, mountains and plains: A Markov-switching approach to growth

“…For example, seeBarro (1991),Sachs and Warner (1995),Frankel and Romer (1999),Levine et al (2000). For surveys, seeTemple (1999).3 SeeHall and Jones, 1999, Acemoglu et al, 2001, Easterly and Levine, 2002.…”