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Cited by 4,160

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Convergence

Open access
Barro, Robert J.·1992·Journal of Political Economy
DOI 10.1086/261816
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Abstract

A key economic issue is whether poor countries or regions tend to grow faster than rich ones: are there automatic forces that lead to convergence over time in the levels of per capita income and product? We use the neoclassical growth model as a framework to study convergence across the 48 contiguous U.S. states. We exploit data on personal income since 1840 and on gross state product since 1963. The U.S. states provide clear evidence of convergence, but the findings can be reconciled quantitatively with the neoclassical model only if diminishing returns to capital set in very slowly. The results for per capita gross domestic product from a broad sample of countries are similar if we hold constant a set of variables that proxy for differences in steady-state characteristics.

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Metadata

Authors
Barro, R. J.
Venue
Journal of Political Economy
Publisher
University of Chicago Press
Published
1992-04
Volume
100
Issue
2
Pages
223-251
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
DOI
10.1086/261816
OpenAlex
W4231721874
Cited by
4,160
References
1
FWCI
110.41
Type
journal article
Language
en
Open access
green

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.