CONVERGENCE CLUBS
AND DIVERGING ECONOMIES*

Dan Ben-David
Tel Aviv University,
NBER and CEPR
 
 

ABSTRACT

This paper focuses on the question of income convergence among countries.  The convergence methodology used here differs from the common cross-sectional approach.  While this study provides some evidence in support of Baumol's finding of convergence clubs among the world's wealthiest countries, it also finds strong evidenceof a preponderance of convergence clubs among the world's very poorest countries. 

 

download pdf file
 
 
To read or print the .pdf file, you need the Adobe Acrobat Reader, which can be obtained free of charge  from: Adobe.