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- Convergence_(economics) abstract "The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. As a result, all economies should eventually converge in terms of per capita income. Developing countries have the potential to grow at a faster rate than developed countries because diminishing returns (in particular, to capital) are not as strong as in capital-rich countries. Furthermore, poorer countries can replicate the production methods, technologies, and institutions of developed countries.In economic growth literature the term "convergence" can have two meanings. The first kind (sometimes called "sigma-convergence") refers to a reduction in the dispersion of levels of income across economies. "Beta-convergence" on the other hand, occurs when poor economies grow faster than rich ones. Economists say that there is "conditional beta-convergence" when economies experience "beta-convergence" but conditional on other variables being held constant. They say that "inconditional beta-convergence" or "absolute beta-convergence" exists when the growth rate of an economy declines as it approaches its steady state.".
- Convergence_(economics) wikiPageExternalLink index.php?option=com_content&task=view&id=316&Itemid=1.
- Convergence_(economics) wikiPageExternalLink sici?sici=0022-0507%28198606%2946%3A2%3C385%3ACUFAAF%3E2.0.CO%3B2-G.
- Convergence_(economics) wikiPageExternalLink alphabetic.cfm?term=catch-upeffect.
- Convergence_(economics) wikiPageID "1302484".
- Convergence_(economics) wikiPageRevisionID "605335560".
- Convergence_(economics) hasPhotoCollection Convergence_(economics).
- Convergence_(economics) subject Category:Economics_effects.
- Convergence_(economics) type Consequence111410625.
- Convergence_(economics) type EconomicsEffects.
- Convergence_(economics) type Phenomenon100034213.
- Convergence_(economics) type PhysicalEntity100001930.
- Convergence_(economics) type Process100029677.
- Convergence_(economics) comment "The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. As a result, all economies should eventually converge in terms of per capita income. Developing countries have the potential to grow at a faster rate than developed countries because diminishing returns (in particular, to capital) are not as strong as in capital-rich countries.".
- Convergence_(economics) label "Aufholeffekt".
- Convergence_(economics) label "Convergence (economics)".
- Convergence_(economics) label "Konwergencja (ekonomia)".
- Convergence_(economics) sameAs Aufholeffekt.
- Convergence_(economics) sameAs Konwergencja_(ekonomia).
- Convergence_(economics) sameAs m.04r7hn.
- Convergence_(economics) sameAs Q759757.
- Convergence_(economics) sameAs Q759757.
- Convergence_(economics) sameAs Convergence_(economics).
- Convergence_(economics) wasDerivedFrom Convergence_(economics)?oldid=605335560.
- Convergence_(economics) isPrimaryTopicOf Convergence_(economics).