Abstract
We start our discussion by introducing some empirical facts about the processes of growth and convergence in the world economy. We will argue that the experience of growth and development was extremely heterogeneous for different groups of countries over the last three decades. Most important are differences in the levels of income per capita and average rates of growth. We will propose show that both characteristics can be used to identify different groups or “clubs” of countries characterized by comparable developments and experiences. In addition we will present some data suggesting that each group of countries can be characterized by similarities in a set of fundamental factors of growth. Further we will investigate recent econometric work on growth and technological upgrading which can serve as a starting point for the theoretical discussion in the following sections.
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© 1999 Springer-Verlag Berlin Heidelberg
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Welfens, P.J.J., Addison, J.T., Audretsch, D.B., Gries, T., Grupp, H. (1999). Human Capital Accumulation, Globalization and Global Productivity Growth. In: Globalization, Economic Growth and Innovation Dynamics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-03813-0_2
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DOI: https://doi.org/10.1007/978-3-662-03813-0_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-08515-4
Online ISBN: 978-3-662-03813-0
eBook Packages: Springer Book Archive