| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP900
|
| DP900 Taking Trade Policy Seriously: Export Subsidization as a Case Study in Policy Effectiveness |
| Dani Rodrik
|
| 发表日期 | 1994-02-28
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | This paper focuses on the question of income convergence among countries. While the methodology used to determine convergence differs from the common cross-sectional approach, it corroborates Baumol's finding of a convergence club among the world's wealthiest countries. It also shows that there is strong evidence in support of a second convergence club, however. This one is among the world's very poorest countries. These clubs exhibit different forms of convergence. The group of wealthy countries is characterized by what may be referred to as upward convergence, where the poorer group members catch up with the richer countries. The group of extremely poor countries exhibits downward convergence, or a reduction in income disparity brought about by nearly zero, or even negative, growth by the group's `wealthier' members. One of the attributes that sets these countries at the bottom apart is that they are very close to what Stigler once calculated as the least cost subsistence diet. Inserting this constraint into the neoclassical growth model produces two steady states, with divergence in between. An example of such a model is developed here. |
| 主题 | International Macroeconomics
|
| 关键词 | Economic growth
Income convergence
Subsistence consumption
|
| URL | https://cepr.org/publications/dp900
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530045
|
推荐引用方式
GB/T 7714 |
Dani Rodrik. DP900 Taking Trade Policy Seriously: Export Subsidization as a Case Study in Policy Effectiveness. 1994.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
