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dc.contributor.authorVollmer, Sebastianen_US
dc.contributor.authorHolzmann, Hajoen_US
dc.contributor.authorWeisbrod, Julianen_US
dc.date.accessioned2011-03-25en_US
dc.date.accessioned2012-11-06T15:27:09Z-
dc.date.available2012-11-06T15:27:09Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/66012-
dc.description.abstractWe analyze the cross-national distribution of GDP per capita and its evolution from 1970 to 2003. We argue that peaks are not a suitable measure for distinct growth regimes, because the number of peaks is not invariant under strictly monotonic transformations of the data (e.g. original vs. log scale). Instead, we model the distribution as a finite mixture, and determine its number of components (and hence of distinct growth regimes) from the data by rigorous statistical testing. We find that the distribution appears to have only two components in 1970-1975, but consists of three components from 1976 onwards. The level of GDP per capita stagnated in the poorest component, and the richest component grew much faster than the medium component. These findings empirically confirm the predictions of the unified growth theory.en_US
dc.language.isoengen_US
dc.publisherWirtschaftswiss. Fak., Leibniz Univ. Hannoveren_US
dc.relation.ispartofseriesDiscussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 452en_US
dc.subject.jelC12en_US
dc.subject.jelO11en_US
dc.subject.jelO47en_US
dc.subject.jelF01en_US
dc.subject.ddc330en_US
dc.subject.keywordTwin peaksen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordconvergenceen_US
dc.subject.stwSozialprodukten_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titlePeaks vs. componentsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635635267en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

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