Globalisation, Growth and Convergence

20 Pages Posted: 22 Jun 2011  

José Villaverde

affiliation not provided to SSRN

Adolfo Maza

University of Cantabria - Department of Economics

Date Written: June 2011

Abstract

This paper, devoted to the study of globalisation, analyses two distinct but closely related issues: First, it aims at evaluating disparities in the degree of globalisation observed in a sample of 101 countries over the period 1970–2005. Second, the paper tries to shed some light to the much debated issue of whether globalisation affects economic growth and, in so doing, whether convergence in globalisation brings about convergence in per capita income. The results obtained are both encouraging: on the one side, as it is shown that there has been a clear process of globalisation convergence; on the other, the paper concludes that globalisation has been one of the main drivers of economic growth, thus fostering convergence in per capita income.

Suggested Citation

Villaverde, José and Maza, Adolfo, Globalisation, Growth and Convergence (June 2011). The World Economy, Vol. 34, Issue 6, pp. 952-971, 2011. Available at SSRN: https://ssrn.com/abstract=1869526 or http://dx.doi.org/10.1111/j.1467-9701.2011.01359.x

José Villaverde

affiliation not provided to SSRN

No Address Available

Adolfo Maza (Contact Author)

University of Cantabria - Department of Economics ( email )

Av. Los Castros s/n
39005 - Santander (Cantabria), Cantabria 39005
Spain

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