Abstract
AbstractThe concept of income convergence has drawn the attention of many economists involved in the growth debate (Alataş, 2021). Recent theories of growth and empirical studies suggest that heterogeneity with respect to technological conditions in general and total factor productivity—TFP in particular are identified as the most decisive factors for the rate of income convergence of countries (Islam, 2003). Apparently, depending on whether initial TFP differences decrease or increase over time, income convergence or divergence may be a matter of fact. This has directed researchers’ attention to the concept of technological (TFP) convergence.
Publisher
Springer International Publishing
Reference24 articles.
1. Alataş, S. (2021). Revisiting the Solow growth model: New empirical evidence on the convergence debate. Journal of Economic and Administrative Sciences. https://doi.org/10.1108/JEAS-02-2021-0035
2. Baldwin, R. E., Martin, P., & Ottaviano, G. I. (2001). Global income divergence, trade and industrialisation: The geography of growth take-offs. Journal of Economic Growth, 6(1), 5–37.
3. Commission of the European Communities. (2010). Europe 2020. A strategy for smart, suitable and inclusive growth. COM (2010)2020. European Commission.
4. Dettori, B., Marrocu, E., & Paci, R. (2012). Total factor productivity, intangible assets and spatial dependence in the European regions. Regional Studies, 46(10), 1401–1416. https://doi.org/10.1080/00343404.2010.529288
5. Dosi, G. (1988). Sources, procedures, and microeconomic effects of innovation. Journal of Economic Literature, 26(3), 1120–1171.