This collection of original articles reviews the current state of knowledge concerning the convergence hypothesis. This hypothesis asserts that, for a restricted set of countries, their productivity and living standards are undergoing a process that brings them increasingly close to one another. Among the factors considered are patterns of industries as well as aggregate economies, influences that underlie the degree of convergence that seems to have occurred, and the role that convergence plays in the future of the newly developed nations. Much of the analysis is set in historical perspective.
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This book is a collection of original articles that view the current state of knowledge about the convergence hypothesis.
Contributors Part I. General Patterns of Convergence 1: William J. Baumol, Richard R. Nelson, and Edward N. Wolf: Introduction: The Convergence of Productivity, Its Significance, and Its Varied Connotations 2: Angus Maddison: Explaining the Economic Performance of Nations, 1820-1989 3: William J. Baumol: Multivariate Growth Patterns: Contagion and Common Forces as Possible Sources of Convergence 4: Moses Abramovitz: Catch-up and Convergence in the Postwar Growth Boom and After Part II. Technological Leadership 5: Richard R. Nelson and Gavin Wright: The Erosion of U.S. Technological Leadership as a Factor in Postwar Economic Convergence 6: William Lazonick: Social Organization and Technological Leadership Part III. What Lies Behind Convergence? 7: David Dollar and Edward N. Wolff: Capital Intensity and TFP Convergence by Industry in Manufacturing, 1963-1985 8: Frank R. Lichtenberg: Have International Differences in Educational Attainment Levels Narrowed? 9: Magnus Blomström, Robert E. Lipsey, and Mario Zejan: What Explains the Growth of Developing Contries? Part IV. The NICs and the LDCs 10: Magnus Blomström and Edward N. Wolff: Multinational Corporations and Productivity Convergence in Mexico 11: Takashi Hikino and Alice H. Amsden: Staying Behind, Stumbling Back, Sneaking Up, Soaring Ahead: Late Industrialization in Historical Perspective 12: Gregory K. Ingram: Social Indicators and Productivity Convergence in Developing Countries Index
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A valuable contribution to our understanding of convergence as an empirical phenomenon.
"A valuable contribution to our understanding of convergence as an empirical phenomenon."--Journal of Economic Literature "It should stimulate further work on an important subject."--The Southern Economic Journal "A valuable contribution to our understanding of convergence as an empirical phenomenon."--Journal of Economic Literature "It should stimulate further work on an important subject."--The Southern Economic Journal
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Contributes new data on international productivity
William J. Baumol is Professor of Economics at New York University. Richard R. Nelson is Professor of International and Public Affairs at Columbia University. Edward N. Wolff is Professor of Economics at New York University.
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Contributes new data on international productivity

Produktdetaljer

ISBN
9780195083903
Publisert
1994
Utgiver
Vendor
Oxford University Press Inc
Vekt
521 gr
Høyde
235 mm
Bredde
156 mm
Dybde
24 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
356

Biographical note

William J. Baumol is Professor of Economics at New York University. Richard R. Nelson is Professor of International and Public Affairs at Columbia University. Edward N. Wolff is Professor of Economics at New York University.