This study analyses the pattern of long-run growth of a cross-section of countries, adopting the distribution dynamics approach. The relationship between growth rates and income levels appears first increasing and then decreasing, indicating the existence of different growth regimes.
LAVEZZI AM, FIASCHI D (2004). Nonlinear Growth in a Long-Run Perspective. APPLIED ECONOMICS LETTERS, 11, 101-104.
Nonlinear Growth in a Long-Run Perspective
LAVEZZI, Andrea Mario;
2004-01-01
Abstract
This study analyses the pattern of long-run growth of a cross-section of countries, adopting the distribution dynamics approach. The relationship between growth rates and income levels appears first increasing and then decreasing, indicating the existence of different growth regimes.
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