GLOBAL UNCONDITIONAL CONVERGENCE AMONG LARGER ECONOMIES AFTER 1998?
Journal Title: Journal of Globalization Studies - Year 2011, Vol 2, Issue 2
Abstract
We find rather strong evidence for the unconditional convergence among all the larger countries comprising the overwhelming majority of the world population and producing the overwhelming part of the world GDP after 1998. These findings are shown to be not as incongruent with the results of the previous convergence research as one may think – the previous research did not deny the convergence phenomenon per se, but rather insisted on its conditionality, whereas we suggest that the world-wide switch from the conditional to unconditional convergence pattern that we recently observe is accounted for by the point that by the late 1990s all the major developing countries and economies of the world began to satisfy (more or less) the major conditions of the conditional convergence.
Authors and Affiliations
Andrey Korotayev, Julia Zinkina, Justislav Bogevolnov, Artemy Malkov
Keywords
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