Cross-Country Income Convergence Revisited

Federal Reserve Bank of St. Louis Working Paper No. 2010-021B

10 Pages Posted: 26 Jul 2010 Last revised: 30 Apr 2011

See all articles by Levon Barseghyan

Levon Barseghyan

Cornell University

Riccardo DiCecio

Federal Reserve Bank of St. Louis - Research Division

Date Written: April 26, 2011

Abstract

We reassess convergence of income and its determinants across countries using the dataset constructed by Klenow and Rodriguez-Clare (2005) and our updated version of the same data. Consistent with the literature, the ergodic distribution of output per worker features separate convergence clubs. In contrast to previous findings, productivity in the long run is unimodal. The long-run distribution of human capital is multimodal.

Keywords: Convergence, Development Accounting

JEL Classification: O40, O47

Suggested Citation

Barseghyan, Levon and DiCecio, Riccardo, Cross-Country Income Convergence Revisited (April 26, 2011). Federal Reserve Bank of St. Louis Working Paper No. 2010-021B, Available at SSRN: https://ssrn.com/abstract=1648857 or http://dx.doi.org/10.2139/ssrn.1648857

Levon Barseghyan

Cornell University ( email )

Ithaca, NY 14853
United States

Riccardo DiCecio (Contact Author)

Federal Reserve Bank of St. Louis - Research Division ( email )

411 Locust St
Saint Louis, MO 63011
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
42
Abstract Views
635
PlumX Metrics