RT Generic
T1 Divergence, convergence, and the history-augmented Solow model
A1 Kufenko,Vadim
A1 Prettner,Klaus
A1 Geloso,Vincent
WP 2017/07/10
AB We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence between the nowadays industrialized countries of the OECD. We show that the dispersion of incomes increased after the Indus- trial Revolution, peaked during the Second World War, and decreased afterwards. This pattern is fully consistent with the transitional dynamics implied by the history-augmented Solow model.
K1 Solow-Modell
K1 Ungleichheit
K1 Prognose
K1 Einkommensverteilung
K1 Konvergenz
PP Hohenheim
PB Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
UL http://opus.uni-hohenheim.de/volltexte/2017/1379