Neoclassical Convergence Versus Technological Catch-Up : A Contribution for Reaching a Consensus. - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue Problems and Perspectives in Management Année : 2004

Neoclassical Convergence Versus Technological Catch-Up : A Contribution for Reaching a Consensus.

Résumé

New macro empirical evidence is provided to assess the relative importance of object and
idea gaps in explaining the world income distribution dynamics over a benchmark period of 1960-
1985. Results are then extended through 1995. Formal statistical hypothesis tests allow us to discriminate
between two competing growth models: (i) the standard neoclassical growth model similar
to that employed by Mankiw, Romer, and Weil (1992), and (ii) an endogenous growth model
closely related to the Nelson and Phelps' approach (1966) that emphasizes the importance of technology
transfer in addition to factor accumulation as an opportunity to catch up. First, the latter
can hardly be rejected and reveals itself to be either a reliable alternative or a complementary
model, depending on the sample under study. Second, taking into consideration the impact of the
technological catch-up phenomenon allows us to better capture and locally fit the pattern of income
distribution dynamics that took place over the period of 1960-1995.
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Dates et versions

halshs-00007815 , version 1 (16-01-2006)

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  • HAL Id : halshs-00007815 , version 1

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Alain Desdoigts. Neoclassical Convergence Versus Technological Catch-Up : A Contribution for Reaching a Consensus.. Problems and Perspectives in Management, 2004, 3, pp.15-42. ⟨halshs-00007815⟩
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