Title: The Role of International Trade in the Convergence of Per Capita GDP in the OECD: 1950–1985
Abstract: The convergence of per capita GDP is usually attributed to the flow of technology from the high per capita income to the low per capita income countries. This paper examines the role of international trade in the convergence process for 19 OECD countries during the period 1950–1985. The paper finds that: a) those countries start- ing with lower income increased their trade openness faster than the high income economies; and b) the countries that expanded trade faster grew more rapidly. These findings and the regression results of a growth model suggest that international trade contributed significantly to the convergence of per capita GDP.[F43]
Publication Year: 1992
Publication Date: 1992-12-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 19
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot