首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Barriers and the transition to modern growth
Authors:L Rachel Ngai
Institution:Department of Economics, London School of Economics, Houghton Street, London WC2A 2AE, UK
Abstract:This paper argues that barriers affect both the beginning date and the subsequent pace of modern growth, and taking into account this fact enriches our knowledge of cross-country income differences. The model matches the observed inverted U-shape of cross-country income differences, which implies that a substantial fraction of current income differences is transitional. Hence, the model requires smaller barriers to account for current income differences relative to models that focus only on steady states. Empirically, I find that differences in the beginning dates of modern growth explain large differences in incomes.
Keywords:D58  O11  O14  O42
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号