Article ID Journal Published Year Pages File Type
9549251 Economics Letters 2005 5 Pages PDF
Abstract
Using a continuous state space approach, this note extends Feyrer's (Feyrer, J., 2003. Convergence by Parts. Manuscript, Dartmouth College. (available at http://www.dartmouth.edu/~jfeyrer/parts.pdf)) study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of total factor productivity (TFP), the results here imply that traps in both TFP growth and capital accumulation may matter.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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