Data and Code for: What Remains of Cross-Country Convergence

Principal Investigator(s): View help for Principal Investigator(s) Paul Johnson, Vassar College; Chris Papageorgiou, International Monetary Fund

Version: View help for Version V1

Version Title: View help for Version Title First release

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Fig_1.do	text/x-stata-syntax	478 bytes	04/21/2020 05:27:PM
Fig_2.do	text/x-stata-syntax	1.6 KB	04/21/2020 05:27:PM
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Merging_Country_Codes.do	text/x-stata-syntax	3.5 KB	04/21/2020 05:27:PM

Project Description

Summary: We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closing the income gap between countries. We close with a brief examination of the recent literature on cross-individual distribution of income, which finds that despite the lack of progress on cross country convergence, global inequality has tended to fall since 2000.

Scope of Project

Subject Terms: Growth; cross-country convergence; income distribution

JEL Classification:
      E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
      E13 General Aggregative Models: Neoclassical
      F41 Open Economy Macroeconomics
      F62 Economic Impacts of Globalization: Macroeconomic Impacts
      O11 Macroeconomic Analyses of Economic Development
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

Geographic Coverage: Latin America and Caribbean, East Asia and Pacific, Europe and Central Asia, Middle East and North Africa, North America, Global, Sub-Saharan Africa, South Asia

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Published Versions

V1 [2020-04-21]

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