Did Globalization Drive Convergence? Identifying Cross-Country Growth Regimes in the Long Run
(2011) In European Economic Review 55(6). p.832-844- Abstract
- This paper is the first to apply a finite mixture model to a sample of 64 nations to endogenously analyze the cross-country growth behavior over the period 1870-2003. Results show that growth patterns were segmented in two worldwide regimes, the one characterized by convergence in per capita income, and the other by divergence. Interestingly, when three historical epochs are distinctly analyzed, in order to investigate the empirical link between globalization and convergence, the dynamics which dominated over the whole period seem to have emerged only during the post-1950 years. In contrast, the First Global Wave was marked by persistent heterogeneities.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1731234
- author
- Enflo, Kerstin LU and Di Vaio, Gianfranco
- organization
- publishing date
- 2011
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Globalization, Economic growth, Income convergence, Mixture models, Multiple regimes
- in
- European Economic Review
- volume
- 55
- issue
- 6
- pages
- 832 - 844
- publisher
- Elsevier
- external identifiers
-
- wos:000293727300006
- scopus:79960237683
- ISSN
- 1873-572X
- DOI
- 10.1016/j.euroecorev.2010.11.004
- language
- English
- LU publication?
- yes
- id
- 7546f1f5-ca89-40fd-bb49-26f902c46f45 (old id 1731234)
- date added to LUP
- 2016-04-01 10:27:51
- date last changed
- 2022-01-25 23:26:21
@article{7546f1f5-ca89-40fd-bb49-26f902c46f45, abstract = {{This paper is the first to apply a finite mixture model to a sample of 64 nations to endogenously analyze the cross-country growth behavior over the period 1870-2003. Results show that growth patterns were segmented in two worldwide regimes, the one characterized by convergence in per capita income, and the other by divergence. Interestingly, when three historical epochs are distinctly analyzed, in order to investigate the empirical link between globalization and convergence, the dynamics which dominated over the whole period seem to have emerged only during the post-1950 years. In contrast, the First Global Wave was marked by persistent heterogeneities.}}, author = {{Enflo, Kerstin and Di Vaio, Gianfranco}}, issn = {{1873-572X}}, keywords = {{Globalization; Economic growth; Income convergence; Mixture models; Multiple regimes}}, language = {{eng}}, number = {{6}}, pages = {{832--844}}, publisher = {{Elsevier}}, series = {{European Economic Review}}, title = {{Did Globalization Drive Convergence? Identifying Cross-Country Growth Regimes in the Long Run}}, url = {{http://dx.doi.org/10.1016/j.euroecorev.2010.11.004}}, doi = {{10.1016/j.euroecorev.2010.11.004}}, volume = {{55}}, year = {{2011}}, }