Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65423 
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dc.contributor.authorDufrénot, Gillesen
dc.contributor.authorMignon, Valérieen
dc.contributor.authorNaccache, Théoen
dc.date.accessioned2010-08-19-
dc.date.accessioned2012-10-24T12:00:34Z-
dc.date.available2012-10-24T12:00:34Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/65423-
dc.description.abstractThis paper provides empirical evidence that there is no absolute convergence between the GDP per capita of the developing countries since 1950. Relying upon recent econometric methodologies (nonstationary long-memory models, wavelet models and time-varying factor representation models), we show that the transition paths to long-run growth are very persistent over time and non-stationary, thereby yielding a variety of potential growth steady states (conditional convergence). Our findings do not support the idea according to which the developing countries share a common factor (such as technology) that eliminates growth divergence in the very long run. Instead, we conclude that growth is an idiosyncratic phenomenon that yields different forms of transitional economic performance: growth tragedy (some countries with an initial low level of per capita income diverge from the richest ones), growth resistance (with many countries experiencing a low speed of growth convergence), and rapid convergence.en
dc.language.isoengen
dc.publisher|aThe University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT) |cNottinghamen
dc.relation.ispartofseries|aCREDIT Research Paper |x09/03en
dc.subject.jelC32en
dc.subject.jelE10en
dc.subject.jelO41en
dc.subject.ddc330en
dc.subject.keywordgrowth convergenceen
dc.subject.keyworddeveloping countriesen
dc.subject.keywordlong memoryen
dc.subject.keywordwaveletsen
dc.subject.keywordtime-varying factor modelsen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwEntwicklungen
dc.subject.stwSozialprodukten
dc.subject.stwEntwicklungskonvergenzen
dc.subject.stwWachstumstheorieen
dc.subject.stwEntwicklungsländeren
dc.titleThe slow convergence of per capita income between the developing countries: "growth resistance" and sometimes "growth tragedy"-
dc.typeWorking Paperen
dc.identifier.ppn607314206en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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