Munich Personal RePEc Archive

What Remains of Cross-Country Convergence?

Johnson, Paul and Papageorgiou, Chris (2018): What Remains of Cross-Country Convergence? Forthcoming in: Journal of Economic Literature

[img] PDF
MPRA_paper_89355.pdf

Download (3MB)

Abstract

We examine the record of cross-country growth over the past 50 years and ask if developing countries have made progress on closing income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closing the income gap between countries. We close with a brief examination of the recent literature on cross-individual distribution of income which finds that, despite the lack of progress on cross-country convergence, global inequality has tended to fall since 2000.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.