Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5069062 | Explorations in Economic History | 2009 | 10 Pages |
Abstract
A prediction of a class of neoclassical growth models is that countries with similar levels of integration in the world economy will have parallel long-run growth paths. We test this hypothesis for the OECD, using estimates of long-run mean growth rates of per capita output for each country for the period 1870-2005. The results show strong evidence for unconditional β-convergence only in the post-WWII period of 1951-1974. The results serve as a caution against drawing inferences regarding long-run growth patterns from this sample of countries when the time frame includes the post-WWII golden-age period.
Related Topics
Social Sciences and Humanities
Arts and Humanities
History
Authors
John S. Landon-Lane, Peter E. Robertson,