Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162788
Authors: 
Kufenko, Vadim
Prettner, Klaus
Geloso, Vincent
Year of Publication: 
2017
Series/Report no.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences 11-2017
Abstract: 
We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence between the nowadays industrialized countries of the OECD. We show that the dispersion of incomes increased after the Industrial Revolution, peaked during the Second World War, and decreased afterwards. This pattern is fully consistent with the transitional dynamics implied by the history-augmented Solow model.
Subjects: 
history-augmented Solow model
divergence
convergence
cross-country inequality
JEL: 
J11
O11
O47
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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