Do poor countries catch up to rich countries? Review article on productivity convergence: theory and evidence by Edward Wolff
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Published version
OA Location
Author(s)
Haskel, J
Type
Journal Article
Abstract
This article provides a detailed review of Edward Wo
lff’s Productivity Convergence: Theory
and Evidence. Wolff examines the long run productiv
ity growth and convergence experience
of a variety of countries from across the world. Wo
lff’s main contribution is the definition of
two general classes of forces of convergence. He del
ineates “strong” forces of productivity
convergence, such as the catch-up effect, capital fo
rmation, and education, from “weak”
forces contributing to convergence like internation
al trade, economic geography, and
regulation. While some of the individual forces of c
onvergence may switch categories as
new research emerges, the categorization remains hi
ghly relevant. The focus on
convergence suggests that non-frontier countries may
not yet be in dire straits as a result
of the purported recent productivity slowdown, as p
roductivity growth may well still come
from forces of convergence for years to come.
lff’s Productivity Convergence: Theory
and Evidence. Wolff examines the long run productiv
ity growth and convergence experience
of a variety of countries from across the world. Wo
lff’s main contribution is the definition of
two general classes of forces of convergence. He del
ineates “strong” forces of productivity
convergence, such as the catch-up effect, capital fo
rmation, and education, from “weak”
forces contributing to convergence like internation
al trade, economic geography, and
regulation. While some of the individual forces of c
onvergence may switch categories as
new research emerges, the categorization remains hi
ghly relevant. The focus on
convergence suggests that non-frontier countries may
not yet be in dire straits as a result
of the purported recent productivity slowdown, as p
roductivity growth may well still come
from forces of convergence for years to come.
Date Issued
2016-03-01
Date Acceptance
2016-03-01
Citation
International Productivity Monitor, 2016, 30, pp.111-117
ISSN
1492-9759
Publisher
Centre for the Study of Living Standards
Start Page
111
End Page
117
Journal / Book Title
International Productivity Monitor
Volume
30
Copyright Statement
© Centre for the Study of Living Standards, 2016
Identifier
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000379155100007&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
Subjects
Social Sciences
Economics
Business & Economics
GROWTH
ECONOMY
Publication Status
Published