Neoclassical Convergence Versus Technological Catch-Up : A Contribution for Reaching a Consensus.

Abstract : New macro empirical evidence is provided to assess the relative importance of object and
idea gaps in explaining the world income distribution dynamics over a benchmark period of 1960-
1985. Results are then extended through 1995. Formal statistical hypothesis tests allow us to discriminate
between two competing growth models: (i) the standard neoclassical growth model similar
to that employed by Mankiw, Romer, and Weil (1992), and (ii) an endogenous growth model
closely related to the Nelson and Phelps' approach (1966) that emphasizes the importance of technology
transfer in addition to factor accumulation as an opportunity to catch up. First, the latter
can hardly be rejected and reveals itself to be either a reliable alternative or a complementary
model, depending on the sample under study. Second, taking into consideration the impact of the
technological catch-up phenomenon allows us to better capture and locally fit the pattern of income
distribution dynamics that took place over the period of 1960-1995.
Type de document :
Article dans une revue
Liste complète des métadonnées

https://halshs.archives-ouvertes.fr/halshs-00007815
Contributeur : Anne-Marie Piketty <>
Soumis le : lundi 16 janvier 2006 - 14:47:59
Dernière modification le : vendredi 8 juin 2018 - 14:50:08

Identifiants

  • HAL Id : halshs-00007815, version 1

Collections

Citation

Alain Desdoigts. Neoclassical Convergence Versus Technological Catch-Up : A Contribution for Reaching a Consensus.. Problems and perspectives in management, Sumy State University and Publishing Company "Business Perspectives"., 2004, pp.15-42. ⟨halshs-00007815⟩

Partager

Métriques

Consultations de la notice

217