Unconditional convergence

Dani Rodrik, Mon, 10/31/2011

If rich and poor countries have access to the same technology, shouldn't their productivity levels eventually converge? This would imply that poor countries should grow more quickly until they catch up – but such a tendency has never been proven. CEPR DP8631 shows that this convergence in output does in fact occur – but within manufacturing sectors rather than in economies as a whole.

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URL:  http://www.cepr.org/DP8631

Topics:  Development Industrial organisation Productivity and Innovation

Tags:  productivity, convergence, technology, GDP growth, manufacturing sector

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