Economic transformation, population growth and the long-run world income distribution /

Economic transformation, population growth and the long-run world income distribution /

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Bibliographic Details
Author / Creator:	Chamon, Marcos, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., ©2006.
Description:	1 online resource (19 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/06/21 IMF working paper ; WP/06/21.
Subject:	Economic geography -- Econometric models. Commerce -- Econometric models. Economic geography -- Econometric models. Developing countries -- Commerce -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12498543

Hidden Bibliographic Details
Other authors / contributors:	Kremer, Michael, 1964- author. International Monetary Fund. Research Department.
ISBN:	1283512238 9781283512237 9781451908176 1451908172
Digital file characteristics:	text file
Notes:	Includes bibliographical references. Print version record.
Summary:	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.
Standard no.:	10.5089/9781451908176.001

Description
Summary:	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.
Physical Description:	1 online resource (19 pages) : illustrations
Bibliography:	Includes bibliographical references.
ISBN:	1283512238 9781283512237 9781451908176 1451908172