| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 4.11 MB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
The economic growth process worldwide has been subject to several
disturbances with different origins. These disruptions have consequences on the
economic dynamics of the countries with impacts on human living conditions and
the efforts for more sustainable development. These old and new challenges call for
contributions that allow for a better understanding of the current contexts, namely
in terms of economic evolution and how the interactions between diverse nations
have been affected. In this framework, this chapter intends to assess the convergence
process worldwide, considering statistical information from the World Bank for the
gross domestic product (GDP) per capita and the last decades. To achieve these objectives, the developments from the Neoclassical Theory were considered, specifically
those related to the sigma and beta convergence approaches. To better support the
methodologies taken into account, structural breaks were also tested. The findings
obtained highlight the differences in the dynamics of economic growth in distinct
sub-periods over the last decades.
Description
Keywords
World bank Structural breaks Panel data Neoclassical theory
Pedagogical Context
Citation
Publisher
Springer