Arbeitspapier
Peaks vs. components
We analyze the cross-national distribution of GDP per capita and its evolution from 1970 to 2003. We argue that peaks are not a suitable measure for distinct growth regimes, because the number of peaks is not invariant under strictly monotonic transformations of the data (e.g. original vs. log scale). Instead, we model the distribution as a finite mixture, and determine its number of components (and hence of distinct growth regimes) from the data by rigorous statistical testing. We find that the distribution appears to have only two components in 1970-1975, but consists of three components from 1976 onwards. The level of GDP per capita stagnated in the poorest component, and the richest component grew much faster than the medium component. These findings empirically confirm the predictions of the unified growth theory.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 452
- Klassifikation
-
Wirtschaft
Hypothesis Testing: General
Macroeconomic Analyses of Economic Development
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Global Outlook
- Thema
-
Twin peaks
economic growth
convergence
Sozialprodukt
Wirtschaftswachstum
Einkommensverteilung
Entwicklungskonvergenz
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vollmer, Sebastian
Holzmann, Hajo
Weisbrod, Julian
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
- (wo)
-
Hannover
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Vollmer, Sebastian
- Holzmann, Hajo
- Weisbrod, Julian
- Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Entstanden
- 2010
Ähnliche Objekte (12)
Twin peaks or three components?: analyzing the world's cross-country distribution of income
Perspectives on the world income distribution: beyond twin peaks towards welfare conclusions
Vollmer, Sebastian
Missing Women: Age and Disease: A Correction
The long-term consequences of the global 1918 influenza pandemic: A systematic analysis of 117 IPUMS international census data sets
Does Improved Sanitation Reduce Diarrhea in Children in Rural India?
A Reversal in the Relationship of Human Development with Fertility?
The fertility transition around the world - 1950-2005
The Long-term Consequences of the Global 1918 Influenza Pandemic: A Systematic Analysis of 117 IPUMS International Census Data Sets
A flow measure of missing women by age and disease
Child-specific son preference, birth order and cognitive skills in early childhood
Perspectives on the World Income Distribution: Beyond Twin Peaks Towards Welfare Conclusions
Twin peaks or three components?: analyzing the world's cross-country distribution of income
Perspectives on the world income distribution: beyond twin peaks towards welfare conclusions
Vollmer, Sebastian
Missing Women: Age and Disease: A Correction
The long-term consequences of the global 1918 influenza pandemic: A systematic analysis of 117 IPUMS international census data sets
Does Improved Sanitation Reduce Diarrhea in Children in Rural India?
A Reversal in the Relationship of Human Development with Fertility?
The fertility transition around the world - 1950-2005
The Long-term Consequences of the Global 1918 Influenza Pandemic: A Systematic Analysis of 117 IPUMS International Census Data Sets
A flow measure of missing women by age and disease
Child-specific son preference, birth order and cognitive skills in early childhood
Perspectives on the World Income Distribution: Beyond Twin Peaks Towards Welfare Conclusions
Twin peaks or three components?: analyzing the world's cross-country distribution of income
Perspectives on the world income distribution: beyond twin peaks towards welfare conclusions
Vollmer, Sebastian
Missing Women: Age and Disease: A Correction
The long-term consequences of the global 1918 influenza pandemic: A systematic analysis of 117 IPUMS international census data sets
Does Improved Sanitation Reduce Diarrhea in Children in Rural India?
A Reversal in the Relationship of Human Development with Fertility?
The fertility transition around the world - 1950-2005
The Long-term Consequences of the Global 1918 Influenza Pandemic: A Systematic Analysis of 117 IPUMS International Census Data Sets
A flow measure of missing women by age and disease
Child-specific son preference, birth order and cognitive skills in early childhood