Vassar College Economics Working Paper #54

A Continuous State Space Approach to “Convergence by Parts”

by Paul A. Johnson (Oct. 2003; Revised March 2004)

Abstract

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply that traps in both TFP growth and capital accumulation may matter.

Published: “A Continuous State Space Approach to ‘Convergence by Parts,’” Economics Letters, March 2005, 86(3):317-21.

Working Paper (74 K)

Published: Economics Letters, March 2005, 86(3):317-21.