当前位置: X-MOL 学术Empirical Economics › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Convergence of GDP per capita in advanced countries over the twentieth century
Empirical Economics ( IF 1.9 ) Pub Date : 2019-08-24 , DOI: 10.1007/s00181-019-01761-x
Antonin Bergeaud , Gilbert Cette , Rémy Lecat

This study compares GDP per capita levels and growth rates across 17 advanced economies over the period 1890–2013 using an accounting breakdown and runs Phillips and Sul (Econometrica 75(6):1771–1855, 2007) convergence tests. An overall convergence process has been at work among advanced economies, mainly after WWII, driven mostly by capital intensity and then TFP, while trends in hours worked and employment rates are disparate. However, this convergence process came to a halt during technology shocks, during the two world wars and since the 1990s, with the convergence of advanced economies stopping far from the level of US GDP per capita.

中文翻译:

二十世纪发达国家人均GDP的趋同

这项研究使用会计细目比较了1890年至2013年期间17个先进经济体的人均GDP水平和增长率,并进行了Phillips和Sul(Econometrica 75(6):1771-1855,2007)趋同检验。发达经济体之间的总体趋同过程一直在起作用,主要是在第二次世界大战之后,这主要是由资本密集度然后是全要素生产率驱动的,而工作时间和就业率的趋势却截然不同。但是,这种融合过程在技术冲击,两次世界大战期间以及1990年代以来都停止了,发达经济体的融合远没有达到美国人均GDP的水平。
更新日期:2019-08-24
down
wechat
bug