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

Saved in:

Bibliographic Details
Author / Creator:	Chamon, Marcos.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., 2006.
Description:	1 v. ; 28 cm.
Language:	English
Series:	IMF working paper ; WP/06/21 IMF working paper (Online) ; no. 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/14153182

Hidden Bibliographic Details
Other authors / contributors:	Kremer, Michael, 1964- joint author. International Monetary Fund. Research Department.
Notes:	Cover title. "January 2006." Includes bibliographical references. System requirements: Adobe Acrobat Reader. Mode of access: World Wide Web.
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.

Similar Items