What does the human development index tell us about convergence?

  1. KONYA, Laszlo 1
  2. GUISAN, Maria-Carmen 2
  1. 1 La Trobe University, Bundoora, VIC
  2. 2 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

Zeitschrift:
Applied econometrics and international development

ISSN: 1578-4487

Datum der Publikation: 2008

Ausgabe: 8

Nummer: 1

Seiten: 19-40

Art: Artikel

DIALNET GOOGLE SCHOLAR lock_openOpen Access editor

Andere Publikationen in: Applied econometrics and international development

Zusammenfassung

This study seeks to find out whether there existed an empirically discernable and robust tendency in the world for countries to converge in terms of human development over the last three decades. Human development is measured by the Human Development Index trend and convergence across countries is tested for by the conventional cross-country methods of β- and σ-convergence. We perform similar analyses on those countries that joined the European Union before its 2004 enlargement and on all current members of the EU too. Our results indicate convergence for all three groups of countries we consider, that is relatively backward countries managed to increase their HDI more than developed countries.

Bibliographische Referenzen

  • Abramovitz, M. (1956): Resource and Output Trends in the US since 1870, American Economic Review, vol. 46, pp. 5-23.
  • Abramowitz, M. (1986): Catching Up, Forging Ahead, and Falling Behind, Journal of Economic History, vol. 46, pp. 385-406.
  • Abramovitz, M. and David, P.A. (1996): Convergence and Deferred Catch-Up-Productivity Leadership and the Waning of American Exceptionalism, In Ralph Landau, R., Taylor, T. and Wright, G. (eds.): The Mosaic of Economic Growth, Stanford University Press, pp. 21–62.
  • Barro, R.J. (1991): Economic Growth in a Cross Section of Countries, Quarterly Journal of Economics, vol. 106, pp. 407-443.
  • Barro, R.J. and Sala-i-Martin, X. (1992): Convergence, Journal of Political Economy, vol.100, pp. 223-251.
  • Barro, R.J. and Sala-i-Martin, X. (1997): Technological Diffusion, Convergence, and Growth, Journal of Economic Growth, vol. 2, pp. 1-27.
  • Baumol, W.J. (1986): Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show, American Economic Review, vol. 76, pp. 1072-1085.
  • Baumol, W.J. and Wolff, E.N. (1988): Productivity Growth, Convergence, and Welfare: Reply, American Economic Review, vol. 78, pp. 1155-1159.
  • Bernard, A.B. and Durlauf, S.N. (1995): Convergence in International Output, Journal of Applied Econometrics, vol. 10, pp. 97-108.
  • Costantini, M. and Lupi, C. (2005): Stochastic Convergence among European Economies, Economics Bulletin, vol. 3, no. 38, pp. 1-17.
  • Crafts, N. (1999): Economic Growth in the Twentieth Century, Oxford Review of Economic Policy, vol. 15, pp. 18-34.
  • DeLong, J.B. (1988): Have Productivity Levels Converged? - Productivity Growth, Convergence, and Welfare in the Very Long Run, NBER Working Papers, No. 2419.
  • Dowrick, S. and Nguyen, D.-T. (1989): OECD Comparative Economic Growth 1950-1985: Catch Up and Convergence, American Economic Review, vol. 79, pp. 1010-1030.
  • Evans, P. (1997): How Fast Do Economies Converge?, Review of Economics and Statistics, vol. 79, pp. 219-225.
  • Guisan, M.C. and Aguayo, E. (2007): Health Expenditure, Poverty and Economic Development in Latin America 2000-2005, International Journal of Applied Econometrics and Quantitative Studies, Vol. 4-1 pp.5-24.
  • Guisan, M.C.; Aguayo, E. and Exposito, P. (2001): Economic growth and cycles: Crosscountry models of Education, Industry and Fertility and International Comparisons. Applied Econometrics and International Development, Vol. 1-1, pp. 9-37.
  • Guisan, M.C. and Exposito, P. (2006): Health Expenditure, Poverty and Economic Development in Africa, 2000-2005, International Journal of Applied Econometrics and Quantitative Studies, Vol. 3-2, pp. 5-20.
  • Islam, N. (1995): Growth Empirics: A Panel Data Approach, Quarterly Journal of Economics, vol. 10, pp. 1127–1170.
  • Kejak, M., Seiter, S. and Vavra, D. (2004): Accession Trajectories and Convergence: Endogenous Growth Perspective, Structural Change and Economic Dynamics, vol. 15, pp. 1346.
  • Kónya, L. (1994): Introduction into the Theory of Vintage Models, Discussion Paper, La Trobe University Schools of Economics and Commerce Discussion Papers, No. 94.12.
  • Lucas, R.E. Jr. (1988): On the Mechanics of Economic Development, Journal of Monetary Economics, vol. 22, pp. 3-42.
  • Maddison, A. (1982): Phases of Capitalist Development, Oxford University Press (New York).
  • Maddison, A. (1983): A Comparison of Levels of GDP Per Capita in Developed and Developing Countries, 1700-1980, Journal of Economic History, pp. 27-41.
  • Mankiw, N.G., Romer, D. and Weil, D.N. (1992): A Contribution to the Empirics of Economic Growth, Quarterly Journal of Economics, vol. 107, pp. 407-437.
  • Marx, K. (1853): The British Rule in India, New-York Herald Tribune, 25 June 1853; on line: http://www.marxists.org/archive/marx/works/1853/06/25.htm.
  • Matkowski, Z. and Próchniak, M. (2004): Real Economic Convergence in the EU Accession Countries, International Journal of Applied Econometrics and Quantitative Studies, vol. 1-3, pp. 5-38.
  • Mazumdar, K. (2002): A Note on Cross-Country Divergence in Standard of Living, Applied Economics Letters, vol. 9, pp. 87-90. McCallum, B.T. (1996): Neoclassical vs. Endogenous Growth Analysis: An Overview, Economic Quarterly, vol. 82, pp. 41-71.
  • Mill, J.S. (1848): Principles of Political Economy with some of their Applications to Social Philosophy, on line: http://www.econlib.org/library/Mill/mlP.html.
  • Noorbakhsh, F. (2006): International Convergence or Higher Inequality in Human Development? Evidence from 1975 to 2002, Research Paper, No. 2006/15, United Nations University, World Institute of Development Economics Research.
  • Quah, D. (1993): Galton’s Fallacy and Tests of the Convergence Hypothesis, Scandinavian Journal of Economics, vol. 95, pp. 427-443.
  • Rebelo, S. (1991): Long Run Policy Analysis and Long Run Growth, Journal of Political Economy, vol. 99, pp. 500-521.
  • Romer, P.M. (1986): Increasing Returns and Long-Run Growth, Journal of Political Economy, vol. 94, pp. 1002-1027.
  • Romer, P.M. (1990): Endogenous Technological Change, Journal of Political Economy, vol. 98, pp. S71-102.
  • Sala-i-Martin, X. (1996): The Classical Approach to Convergence Analysis, Economic Journal, vol. 106, pp. 1019-1036.
  • Solow, R. (1956): A Contribution to the Theory of Economic Growth, Quarterly Journal of Economics, vol. 70, pp. 65-94.
  • Solow, R. (1957): Technical Change and the Aggregate Production Function, Review of Economics and Statistics, vol. 39, pp. 312-320.
  • Summers, R.K. and Heston, A. (1984): Improved International Comparison of Real Product and Its Composition: 1950-1980, Review of Income and Wealth, vol. 30, pp. 207-262.
  • Sutcliffe, B. (2004): World Inequality and Globalization, Oxford Review of Economic Policy, vol. 20, pp. 15-37.
  • Swan, T.W. (1956): Economic Growth and Capital Accumulation, Economic Record, vol. 32, pp. 334-61.
  • UNDP (1998): Human Development Report 1998, Oxford University Press, New York.
  • UNDP (2006): Human Development Report 2006, Palgrave Macmillan, New York.
Fuente de los datos: Dialnet