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Convergence of Productivity : Cross-National Studies and Historical Evidence - William J. Baumol

Convergence of Productivity

Cross-National Studies and Historical Evidence

By: William J. Baumol (Editor), Richard R. Nelson (Editor), Edward N. Wolff (Editor)

Paperback

Published: 30th June 1994
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This comprehensive study is a collection of original articles that view the current state of knowledge of the convergence hypothesis. The hypothesis asserts that at least since the Second World War, and perhaps for a considerable period before that, the group of industrial countries was growing increasingly homogeneous in terms of levels of productivity, technology and per capita incomes. In addition, there was general catch up toward the leader, with gradual erosion of the gap between the leader country, the U.S., throughout most of the pertinent period, and that of the countries lagging most closely behind it.
The book examines patterns displayed by individual industries within countries as well as the aggregate economies, various influences that underlie the process of convergence that seems to have occurred, and the role that convergence has played and promises to play in the future of the newly industrialized nations and the less developed countries. Much of the analysis is set in a historical perspective, with particular attention paid to the record following World War II. The prestigious editors conclude that increasing productivity is the key to rising living standards in a globalized marketplace. Contributors include: Moses Abramovitz, Alice M. Amsden, Magnus Blomstrom, David Dollar, Takashi Hikino, Gregory Ingram, William Lazonick, Frank Lichtenberg, Robert E. Lipsey, Angus Maddison, Gavin Wright, and Mario Zejan.

"A valuable contribution to our understanding of convergence as an empirical phenomenon."--Journal of Economic Literature "It should stimulate further work on an important subject."--The Southern Economic Journal "A valuable contribution to our understanding of convergence as an empirical phenomenon."--Journal of Economic Literature "It should stimulate further work on an important subject."--The Southern Economic Journal

Contributors Part I. General Patterns of Convergence 1: William J. Baumol, Richard R. Nelson, and Edward N. Wolf: Introduction: The Convergence of Productivity, Its Significance, and Its Varied Connotations 2: Angus Maddison: Explaining the Economic Performance of Nations, 1820-1989 3: William J. Baumol: Multivariate Growth Patterns: Contagion and Common Forces as Possible Sources of Convergence 4: Moses Abramovitz: Catch-up and Convergence in the Postwar Growth Boom and After Part II. Technological Leadership 5: Richard R. Nelson and Gavin Wright: The Erosion of U.S. Technological Leadership as a Factor in Postwar Economic Convergence 6: William Lazonick: Social Organization and Technological Leadership Part III. What Lies Behind Convergence? 7: David Dollar and Edward N. Wolff: Capital Intensity and TFP Convergence by Industry in Manufacturing, 1963-1985 8: Frank R. Lichtenberg: Have International Differences in Educational Attainment Levels Narrowed? 9: Magnus Blomström, Robert E. Lipsey, and Mario Zejan: What Explains the Growth of Developing Contries? Part IV. The NICs and the LDCs 10: Magnus Blomström and Edward N. Wolff: Multinational Corporations and Productivity Convergence in Mexico 11: Takashi Hikino and Alice H. Amsden: Staying Behind, Stumbling Back, Sneaking Up, Soaring Ahead: Late Industrialization in Historical Perspective 12: Gregory K. Ingram: Social Indicators and Productivity Convergence in Developing Countries Index

ISBN: 9780195083903
ISBN-10: 0195083903
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 360
Published: 30th June 1994
Publisher: Oxford University Press Inc
Country of Publication: US
Dimensions (cm): 23.37 x 15.52  x 2.46
Weight (kg): 0.5