| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP961 |
| DP961 Can Foreign Aid Accelerate Stabilization? | |
| Alessandra Casella | |
| 发表日期 | 1994-05-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper reinterprets a simple model of growth and fluctuations across many economies to allow for the explicit characterization of the dynamically-evolving cross-economy distribution of income. Such a framework provides a more natural, revealing study of the convergence hypothesis. The data show limited intra-distribution mobility in incomes across economies and thus, little convergence. The analysis uncovers some `convergence club'-like dynamics, and reveals the wide diversity in growth experiences across countries. Conditioning on physical capital investment, secondary school enrolment, and a dummy for the African continent fails to overturn these characterizations. |
| 主题 | International Macroeconomics |
| 关键词 | Convergence Education Evolving distribution First passage time Growth investment Polarization Stochastic kernel |
| URL | https://cepr.org/publications/dp961 |
| 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/530100 |
| 推荐引用方式 GB/T 7714 | Alessandra Casella. DP961 Can Foreign Aid Accelerate Stabilization?. 1994. |
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