Catch up growth and social capability in developing countries: A conceptual and measurement proposal
While the income per capita in the developing world since the turn of the Millennium has grown faster than that of the developed world, the question whether there is an ongoing process of catching up between countries remains. The notion of income convergence has provided many insights into the sources for long-run growth but has largely neglected the role of social capabilities in economic development. By social capabilities we mean the qualification of the ‘theory of convergence’ which asserts that productivity growth rates between countries tend to vary inversely with regard to productivity levels. The social capabilities approach holds that a country’s potential for rapid growth is strong when “it is technologically backward but social... Ver más
1657-7558
2346-2132
2017-12-11
7
23
http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
