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Authors
Advisor(s)
Abstract(s)
The dynamics of economic growth present differences in several
sub-periods of the last decades and specific world regions. This evidence for groups
of countries seems to show signs of clubs of convergence where the economic growth
in some groups follow a trend that is distinct from the tendencies presented in other
contexts. A deeper interpretation of these scenarios may bring relevant contributions to identify weaknesses and strengths, particularly for economies with greater
development difficulties. In this context, it is aimed in this chapter to highlight the
dynamics of convergence in the world regions and a specific sub-period over the last
decades. For that, statistical information from the World Bank was considered. These
data were analysed through approaches related to sigma and beta convergence. Panel
data methodologies were considered for the regressions carried out and, for a better
understanding of these processes, catch-up rates were also calculated. The results
found show constraints verified in some world regions that may provide relevant
insights for future research and policy design.
Description
Keywords
Gross domestic product (GDP) per capita World regions Sigma and beta convergence Catching-up processes
Pedagogical Context
Citation
Publisher
Springer