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Convergence theories

Updated 31 October 2006

Introductory reading

Abramovitz, M. (1986). Catching up, forging ahead and falling behind. Journal of Economic History, 46, 385-406.

Barro, R. J. and Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy, 100(2), 223-251.

Galor, O. D. (1996). Convergence? Inferences from theoretical models. Economic Journal, 106, 1056-1069.

Klenow, P. J. and Rodriguez-Clare, A. (1997). Economic growth: a review essay. Journal of Monetary Economics, forthcoming.

Mankiw, N. G., Romer, D. and Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 407-437.

Further reading

Abramovitz, M. (1989). Thinking about growth. Cambridge University Press, Cambridge.

Azariadis, C. (1996). The economics of poverty traps: Part One: complete markets. Journal of Economic Growth, 1(4), December, 449-496.

Azariadis, C. and Drazen, A. (1990). Threshold externalities in economic development. Quarterly Journal of Economics, 105, 501-526.

Barro, R. J., Mankiw, N. G. and Sala-i-Martin, X. (1995). Capital mobility in neoclassical models of growth. American Economic Review, 85(1), 103-115.

Ben-David, Dan (1998). Convergence clubs and subsistence economies. Journal of Development Economics, 55, 153-169.

Ben-David, Dan and Loewy, Michael (1998). Free trade, growth and convergence. Journal of Economic Growth, 3, 143-170.

Benhabib, J. and Gali, J. (1995). On growth and indeterminacy: some theory and evidence. Carnegie-Rochester Conference Series on Public Policy, 43, 163-211.

Bernard, A. B. and Jones, C. I. (1996). Technology and convergence. Economic Journal, 106, 1037-1044.

Binder, Michael and Pesaran, M. Hashem (1999). Stochastic growth models and their econometric implications. Journal of Economic Growth, 4(2), June, 139-183.

Bliss, C. J. (1995). Capital mobility, convergence clubs and long-run economic growth. Nuffield College working paper no. 100..

den Haan, W. J. (1995). Convergence in stochastic growth models: the importance of understanding why income levels differ. Journal of Monetary Economics, 35(1), 65-82.

Eicher, Theo S. and Turnovsky, Stephen J. (1999). Convergence in a two-sector nonscale growth model. Journal of Economic Growth, 4(4), December, 413-428.

Goodfriend, Marvin and McDermott, John (1998). Industrial development and the convergence question. American Economic Review, 88(5), 1277-1289.

Kelly, M. (1992). On endogenous growth with productivity shocks. Journal of Monetary Economics, 30(1), 47-56.

van de Klundert, Theo and Smulders, Sjak (1998). Capital mobility and catching up in a two country, two sector model of endogenous growth CentER discussion paper no. 9813, Tilburg University.

Kocherlakota, N. R. and Yi, K.-M. (1995). Can convergence regressions distinguish between exogenous and endogenous growth models? Economics Letters, 49, 211-215.

Leung, C. and Quah, D. (1996). Convergence, endogenous growth and productivity disturbances. Journal of Monetary Economics, 38(3), 535-547.

Mathunjwa, Jochonia S. and Temple, Jonathan R. W. (2006). Convergence behaviour in exogenous growth models. University of Bristol discussion paper 06/590.

Ortigueira, S. and Santos, M. S. (1997). On the speed of convergence in endogenous growth models. American Economic Review, 87(3), 383-399.

Quah, D. T. (1996). Convergence empirics across economies with (some) capital mobility. Journal of Economic Growth, 1, 95-124.

On the Mechanics of Economic Convergence. German Economic Review, 7(3), August, 317-337.

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