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Globalisation, growth and convergence

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.

Other publications of the same journal or congress with authors from the University of Cantabria

 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

Authorship

JOSE VILLAVERDE CASTRO