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Patterns of economic development and the formation of clubs

Author

Listed:
  • Alain Desdoigts

    (EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne)

Abstract
This study investigates the sources of heterogeneity across a worldwide set of countries. Unspecified ex ante and unanticipated cultural (Protestant versus Catholic), geographical (continents), and institutional (OECD versus non-OECD) emerge endogenously and naturally as homogeneous classes on the basis of the, economic structure The dynamic both within and across the identified groups of countries are consistent with multiple equilibrium-growth models proposed by, for instance. Azanadis and Drazen (1990), therefore strengthening the viability of the convergence club hypothesis. In particular, higher stages of development are, on average, non linearly associated with higher stages of growth.

Suggested Citation

  • Alain Desdoigts, 1999. "Patterns of economic development and the formation of clubs," Post-Print hal-02878020, HAL.
    • Handle: RePEc:hal:journl:hal-02878020
    DOI: 10.1023/A:1009858603947
    as

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