Citation

Discussion Paper Details

Please find the details for DP1254 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: The Classical Approach to Convergence Analysis

Author(s): Xavier Sala-i-Martin

Publication Date: October 1995

Keyword(s): Convergence, Endogenous Growth, Neoclassical Growth and Regional Economic Growth

Programme Area(s): International Macroeconomics

Abstract: The concepts of s-convergence, absolute b-convergence and conditional b-convergence are discussed in this paper. The concepts are applied to a variety of data sets that include a large cross section of 110 countries, the sub-sample of OECD countries, the states within the United States, the prefectures of Japan and the regions within several European countries. Except for the large cross section of countries, all data sets display strong evidence of s-convergence and absolute b-convergence. The cross section of countries exhibits s-divergence and conditional b-convergence. The speed of conditional convergence, which is very similar across data sets, is close to 2% per year.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1254

Bibliographic Reference

Sala-i-Martin, X. 1995. 'The Classical Approach to Convergence Analysis'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1254