Comments - Why poor countries stopped catching up
davidoks.blog · 405 words · saved by 1 readers
The rise and fall of the Great Convergence
I didn’t finish reading this because the first half is so completely wrong. It grossly misrepresents the existing literature, history of empirical work and even the model itself. There was a HUUUUGGGGGEEEEEE literature on growth and convergence in the 90s. Mankiw Romer and Weil, the paper that set off literally “millions of growth regressions” (to paraphrase Sala i Martin), are 1992. And really it goes back another decade, to Barro. And all these papers found *support* for Solow model. It never came “under attack”, although starting in mid 70s, it got expanded upon with New Growth Theory…
related reading
- We were wrong about convergencechat-gdp.org
- The Solow Model is overrated (for explaining catch-up growth) — Basil Halperinbasilhalperin.com
- Solow–Swan model - Wikipediaen.wikipedia.org
- So You Want to Learn About Economicsnicholasdecker.substack.com
- What the Solow Model can teach us about Chinanoahpinion.blog
- Progress Studies reading list — Daniel Maydanielmamay.github.io
- How the World Became Richtmychow.com
- Solow residual - Wikipediaen.wikipedia.org
- Economic development is doing OKnoahpinion.substack.com
- w3210.pdfnber.org
- Three Wikipedia Pages For Great Economistsnicholasdecker.substack.com
- Charles I. Jonesen.wikipedia.org