Convergence of Productivity: Cross-National Studies and Historical Evidence

Paperback | June 30, 1994

EditorWilliam J. Baumol, Richard R. Nelson, Edward N. Wolff

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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 wasgrowing 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 countrieslagging 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 newlyindustrialized 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 globalizedmarketplace. 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.

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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 wasgrowing increasingly homogeneous in terms of level...

William J. Baumol is Professor of Economics at New York University. Richard R. Nelson is Professor of International and Public Affairs at Columbia University. Edward N. Wolff is Professor of Economics at New York University.

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Format:PaperbackDimensions:360 pages, 9.25 × 6.06 × 0.91 inPublished:June 30, 1994Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0195083903

ISBN - 13:9780195083903

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Table of Contents

ContributorsPart I. General Patterns of Convergence1. William J. Baumol, Richard R. Nelson, and Edward N. Wolf: Introduction: The Convergence of Productivity, Its Significance, and Its Varied Connotations2. Angus Maddison: Explaining the Economic Performance of Nations, 1820-19893. William J. Baumol: Multivariate Growth Patterns: Contagion and Common Forces as Possible Sources of Convergence4. Moses Abramovitz: Catch-up and Convergence in the Postwar Growth Boom and AfterPart II. Technological Leadership5. Richard R. Nelson and Gavin Wright: The Erosion of U.S. Technological Leadership as a Factor in Postwar Economic Convergence6. William Lazonick: Social Organization and Technological LeadershipPart III. What Lies Behind Convergence?7. David Dollar and Edward N. Wolff: Capital Intensity and TFP Convergence by Industry in Manufacturing, 1963-19858. Frank R. Lichtenberg: Have International Differences in Educational Attainment Levels Narrowed?9. Magnus Blomstrom, Robert E. Lipsey, and Mario Zejan: What Explains the Growth of Developing Contries?Part IV. The NICs and the LDCs10. Magnus Blomstrom and Edward N. Wolff: Multinational Corporations and Productivity Convergence in Mexico11. Takashi Hikino and Alice H. Amsden: Staying Behind, Stumbling Back, Sneaking Up, Soaring Ahead: Late Industrialization in Historical Perspective12. Gregory K. Ingram: Social Indicators and Productivity Convergence in Developing CountriesIndex

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"It should stimulate further work on an important subject."--The Southern Economic Journal