Advanced

Technological Shifts and Convergence in a European perspective since 1950

Schön, Lennart (2007) In Scandinavian Economic History Review 55(3). p.222-243
Abstract
The paper analyses the behaviour of convergence/divergence primarily within Western Europe and the OECD in relation to market integration and to major technological shifts such as the second and the third industrial revolution. It also relates the behaviour to traditional growth theory and endogenous growth theory as well as to historical generalisations based on structural analysis. The empirical focus is on an econometric analysis of convergence/divergence since 1950 in order to develop measures of these forces as continuous processes over time. The analysis indicates trend shifts from convergence to divergence with the appearance of stronger divergent forces in combination with the major technological shifts. There is as well a cyclical... (More)
The paper analyses the behaviour of convergence/divergence primarily within Western Europe and the OECD in relation to market integration and to major technological shifts such as the second and the third industrial revolution. It also relates the behaviour to traditional growth theory and endogenous growth theory as well as to historical generalisations based on structural analysis. The empirical focus is on an econometric analysis of convergence/divergence since 1950 in order to develop measures of these forces as continuous processes over time. The analysis indicates trend shifts from convergence to divergence with the appearance of stronger divergent forces in combination with the major technological shifts. There is as well a cyclical variation between divergence/convergence from the 1970s. It also indicates a pronounced structural divergence from 1990 in combination with accelerated growth in mainly English-speaking economies. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
technological change, economic growth, long cycles, convergence
in
Scandinavian Economic History Review
volume
55
issue
3
pages
222 - 243
publisher
Routledge
external identifiers
  • scopus:37349117613
ISSN
0358-5522
language
English
LU publication?
yes
id
7b43edcc-677f-4f6e-ba30-cba2b2103e35 (old id 1243783)
alternative location
http://www.informaworld.com/10.1080/03585520701768701
date added to LUP
2008-11-28 19:42:27
date last changed
2017-01-01 06:47:10
@article{7b43edcc-677f-4f6e-ba30-cba2b2103e35,
  abstract     = {The paper analyses the behaviour of convergence/divergence primarily within Western Europe and the OECD in relation to market integration and to major technological shifts such as the second and the third industrial revolution. It also relates the behaviour to traditional growth theory and endogenous growth theory as well as to historical generalisations based on structural analysis. The empirical focus is on an econometric analysis of convergence/divergence since 1950 in order to develop measures of these forces as continuous processes over time. The analysis indicates trend shifts from convergence to divergence with the appearance of stronger divergent forces in combination with the major technological shifts. There is as well a cyclical variation between divergence/convergence from the 1970s. It also indicates a pronounced structural divergence from 1990 in combination with accelerated growth in mainly English-speaking economies.},
  author       = {Schön, Lennart},
  issn         = {0358-5522},
  keyword      = {technological change,economic growth,long cycles,convergence},
  language     = {eng},
  number       = {3},
  pages        = {222--243},
  publisher    = {Routledge},
  series       = {Scandinavian Economic History Review},
  title        = {Technological Shifts and Convergence in a European perspective since 1950},
  volume       = {55},
  year         = {2007},
}