FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1242258496> ?p ?o ?g. }

• W1242258496 abstract "For decades economic growth and its determinants have been the centre of attention among both theoretical and development economists. Theoretical economists have built models of economic growth while development economists are concerned as to how low-income countries can catch up with the rich ones, or, worse, become caught in a low-income trap. The persistence of poverty in some countries in the world and the failure to catch up has caused social scientists to not only review and debate the sources of economic growth but also to take the debate of convergence more seriously and try to provide different explanations.Neoclassical growth (NCGM) and new growth (NGM) theories, currently the main contending schools of thought, try to explain growth sources, and, by extension, convergence by focusing on capital accumulation and technological change, respectively. However, empirical studies using either model largely ignore the importance of institutions, on which there is increasing focus and discussion of economic performance, and globalization, which affects the economic welfare of countries. Therefore, in this research we try to reopen the debate of convergence incorporating these factors in re-estimating the above models. We do this by examining convergence for three groups of countries, which are classified by income according to the World Bank classification method, and by applying the GMM method to estimate the growth models.The results of this research show that the income level of countries is material when it comes to both the sources of growth and the speed of convergence. The debate over which model (NCGM or NGM) is appropriate is not that meaningful. Each model is appropriate for countries at particular levels of income, but not for the entire income range. The NCGM, which is believed to be obsolete by many economists, especially those who espouse the NGM, continues to be relevant for many countries of the world.Testing the convergence hypothesis in terms of GDP per capita shows that middle-income countries converge with high-income ones in both models. However, this only occurs very slowly in low-income countries. Therefore, we can conclude that income convergence is not monotonic and that an income threshold may need to be reached before convergence occurs. This shows the existence of a poverty trap.Investigating the role of institutions and globalization and innovation factors shows that these factors are the most important drivers of growth for middle-income and high-income countries but not for low-income countries. However, the effects of these variables were greatest across middle-income countries compared to high-income countries, which makes sense for the convergence hypothesis in both classes.Capital accumulation and secondary schooling are the most important drivers for low-income countries. This result again alerts us to the existence of an income threshold. Being more globalized and having stronger institutions does not work for these groups of countries unless they reach a certain level of income. This is consistent with the results of other researchers who find that ‘the tide of globalization does not lift all boats’." @default.
• W1242258496 created "2016-06-24" @default.
• W1242258496 creator A5033489228 @default.
• W1242258496 date "2013-01-01" @default.
• W1242258496 modified "2023-09-26" @default.
• W1242258496 title "Convergence in Economic Growth and its Determinants : An Empirical Analysis / Mina Sabbaghpoor-Fard" @default.
• W1242258496 hasPublicationYear "2013" @default.
• W1242258496 type Work @default.
• W1242258496 sameAs 1242258496 @default.
• W1242258496 citedByCount "0" @default.
• W1242258496 crossrefType "dissertation" @default.
• W1242258496 hasAuthorship W1242258496A5033489228 @default.
• W1242258496 hasConcept C100243477 @default.
• W1242258496 hasConcept C111472728 @default.
• W1242258496 hasConcept C120936955 @default.
• W1242258496 hasConcept C138885662 @default.
• W1242258496 hasConcept C139719470 @default.
• W1242258496 hasConcept C162324750 @default.
• W1242258496 hasConcept C17744445 @default.
• W1242258496 hasConcept C189326681 @default.
• W1242258496 hasConcept C199539241 @default.
• W1242258496 hasConcept C2119116 @default.
• W1242258496 hasConcept C2776943663 @default.
• W1242258496 hasConcept C2777303404 @default.
• W1242258496 hasConcept C2781316041 @default.
• W1242258496 hasConcept C34447519 @default.
• W1242258496 hasConcept C47768531 @default.
• W1242258496 hasConcept C50522688 @default.
• W1242258496 hasConcept C83864248 @default.
• W1242258496 hasConceptScore W1242258496C100243477 @default.
• W1242258496 hasConceptScore W1242258496C111472728 @default.
• W1242258496 hasConceptScore W1242258496C120936955 @default.
• W1242258496 hasConceptScore W1242258496C138885662 @default.
• W1242258496 hasConceptScore W1242258496C139719470 @default.
• W1242258496 hasConceptScore W1242258496C162324750 @default.
• W1242258496 hasConceptScore W1242258496C17744445 @default.
• W1242258496 hasConceptScore W1242258496C189326681 @default.
• W1242258496 hasConceptScore W1242258496C199539241 @default.
• W1242258496 hasConceptScore W1242258496C2119116 @default.
• W1242258496 hasConceptScore W1242258496C2776943663 @default.
• W1242258496 hasConceptScore W1242258496C2777303404 @default.
• W1242258496 hasConceptScore W1242258496C2781316041 @default.
• W1242258496 hasConceptScore W1242258496C34447519 @default.
• W1242258496 hasConceptScore W1242258496C47768531 @default.
• W1242258496 hasConceptScore W1242258496C50522688 @default.
• W1242258496 hasConceptScore W1242258496C83864248 @default.
• W1242258496 hasLocation W12422584961 @default.
• W1242258496 hasOpenAccess W1242258496 @default.
• W1242258496 hasPrimaryLocation W12422584961 @default.
• W1242258496 hasRelatedWork W1499703525 @default.
• W1242258496 hasRelatedWork W1540405669 @default.
• W1242258496 hasRelatedWork W1682253713 @default.
• W1242258496 hasRelatedWork W1896755036 @default.
• W1242258496 hasRelatedWork W2023907119 @default.
• W1242258496 hasRelatedWork W2051641340 @default.
• W1242258496 hasRelatedWork W2221794041 @default.
• W1242258496 hasRelatedWork W2312696164 @default.
• W1242258496 hasRelatedWork W2493991121 @default.
• W1242258496 hasRelatedWork W2595312487 @default.
• W1242258496 hasRelatedWork W2644803587 @default.
• W1242258496 hasRelatedWork W2902263573 @default.
• W1242258496 hasRelatedWork W2906885495 @default.
• W1242258496 hasRelatedWork W2929053917 @default.
• W1242258496 hasRelatedWork W2946213057 @default.
• W1242258496 hasRelatedWork W3121759199 @default.
• W1242258496 hasRelatedWork W3144736710 @default.
• W1242258496 hasRelatedWork W583117838 @default.
• W1242258496 hasRelatedWork W3122415848 @default.
• W1242258496 hasRelatedWork W838882885 @default.
• W1242258496 isParatext "false" @default.
• W1242258496 isRetracted "false" @default.
• W1242258496 magId "1242258496" @default.
• W1242258496 workType "dissertation" @default.