학술저널
Convergence and Divergence of Economic Growth in a Two-Country Model without Externalities
Convergence and Divergence of Economic Growth in a Two-Country Model without Externalities
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제11권 제2호
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1996.06160 - 178 (19 pages)
- 5
International convergence as well as divergence processes of economic growth are both observable trends in economic development. To explain long-run differences of per capita income growth rates across countries, recent studies in economic growth have incorporated economies of scale and externalities. This paper shows that convergence as well as divergence processes in an integrated world may also be explained without relating to any externalities. (JEL:F21, Q41)
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