Economic Convergence in the Old and the New Economies of the OECD
2006 (English)Report (Other academic)
A rapid process of income convergence or catch-up of per capita incomeoccurred in the industrialized group of countries in the post-war years. Theprocess was limited to the rich group of nations, to a “convergence” club, anddeveloping countries did not benefit. Also, within the convergence club itself,the post-war convergence thrust lasted only till the mid-1970s. More recently,the process of economic integration in Europe has visibly reduced incomedifferentials within the bloc. But the question is whether the mere fact of EUmembership did the trick, or whether other factors such as the advent of the“new economy” (information technology) have played a role. We explore thisissue by disaggregating the economies of the OECD into IT and IT-usingsectors and non-IT using sectors, and testing for income and productivitygrowth convergence or catch-up separately for these sectors.
Place, publisher, year, edition, pages
Kozhikode: IIMK , 2006. , 15 p.
Indian Institute of Management Kozhikode, Working papers, 10/ECO/2006/08
Economics and Business
IdentifiersURN: urn:nbn:se:sh:diva-6655OAI: oai:DiVA.org:sh-6655DiVA: diva2:403148