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Economic transformation, population growth and the long-run world income distribution /
This paper considers the long-run evolution of the world economy in a model where countries' opportunities to develop depend on their trade with advanced economies. As developing countries become advanced, they further improve trade opportunities for the remaining developing countries. Whether...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
Ã2006.
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| Colección: | IMF working paper ;
WP/06/21. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper considers the long-run evolution of the world economy in a model where countries' opportunities to develop depend on their trade with advanced economies. As developing countries become advanced, they further improve trade opportunities for the remaining developing countries. Whether or not the world economy converges to widespread prosperity depends on the population growth differential between developing and advanced economies, the rate at which countries develop, and potentially on initial conditions. A calibration using historical data suggests that the long-run prospects for lagging developing regions, such as Africa, likely hinge on the sufficiently rapid development of China and India. |
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| Descripción Física: | 1 online resource (19 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283512238 9781283512237 9781451908176 1451908172 |