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Abstract: This paper, devoted to the study of globalisation, analyses two distinct but closely related issues: First, it aims at evaluating disparities in the degree of globalisation observed in a sample of 101 countries over the period 1970-2005. Second, the paper tries to shed some light to the much debated issue of whether globalisation affects economic growth and, in so doing, whether convergence in globalisation brings about convergence in per capita income. The results obtained are both encouraging: on the one side, as it is shown that there has been a clear process of globalisation convergence; on the other, the paper concludes that globalisation has been one of the main drivers of economic growth, thus fostering convergence in per capita income.
Fuente: World Economy , 2011, 34(6), 952 - 971
Publisher: Wiley-Blackwell
Publication date: 01/06/2011
No. of pages: 19
Publication type: Artículo de Revista
DOI: 10.1111/j.1467-9701.2011.01359.x
ISSN: 0378-5920,1467-9701
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JOSE VILLAVERDE CASTRO
ADOLFO JESUS MAZA FERNANDEZ
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