- 1980 as the high point of global income inequality
- Since 1980? Convergence or divergence depends on whether you count countries or people
- China
- India
« Convergence: Maddison's Sixteen | Main | The World in 1975 »
January 30, 2008
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From Brad DeLong
J. Bradford DeLong, Professor of Economics at U.C Berkeley, a Research Associate of the NBER, a Visiting Scholar at the Federal Reserve Bank of San Francisco, and Chair of Berkeley's Political Economy major.
Among his best works are: "Is Increased Price Flexibility Stabilizing?" "Productivity Growth, Convergence, and Welfare," "Noise Trader Risk in Financial Markets," "Equipment Investment and Economic Growth," "Princes and Merchants: European City Growth Before the Industrial Revolution," "Why Does the Stock Market Fluctuate?" "Keynesianism, Pennsylvania-Avenue Style," "America's Peacetime Inflation: The 1970s," "American Fiscal Policy in the Shadow of the Great Depression," "Review of Robert Skidelsky (2000), John Maynard Keynes, volume 3, Fighting for Britain," "Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy," "Productivity Growth in the 2000s," "Asset Returns and Economic Growth."
- Leigh Speakers' Bureau:
The Eighteen-Year-Old is going to college next year, which means that I need to think about making more money. (The idea that one might write checks to rather than receive checks from universities is now strange to me.) So I have signed up with the Leigh Speakers' Bureau which also handles, among many others: Chris Anderson; Suzanne Berger; Michael Boskin; Kenneth Courtis; Clive Crook; Bill Emmott; Robert H. Frank; William Goetzmann; Douglas J. Holtz-Eakin; Paul Krugman; Bill McKibben; Paul Romer; Jeffrey Sachs; Robert Shiller;James Surowiecki; Martin Wolf; Adrian Wooldridge.
About Brad DeLong
- Leigh Speakers' Bureau
The Eighteen-Year-Old is going to college, which means that I need to think about making more money. (The idea that one might write checks to rather than receive checks from universities still seems very strange to me.) So I have signed up with the Leigh Speakers' Bureau which also handles, among many others: Chris Anderson; Suzanne Berger; Michael Boskin; Kenneth Courtis; Clive Crook; Bill Emmott; Robert H. Frank; William Goetzmann; Douglas J. Holtz-Eakin; Paul Krugman; Bill McKibben; Paul Romer; Jeffrey Sachs; Robert Shiller;James Surowiecki; Martin Wolf; Adrian Wooldridge.
- J. Bradford DeLong is a professor of economics at the University of California at Berkeley, chair of its political economy major, a research associate of the National Bureau of Economic Research, a visiting scholar at the Federal Reserve Bank of San Francisco, and was in the Clinton administration a deputy assistant secretary of the U.S. Treasury. His best work extends from business cycle dynamics through economic growth, behavioral finance, political economy, economic history, international finance to the history of economic thought and other topics.
- Among his best works are: "Is Increased Price Flexibility Stabilizing?" "Productivity Growth, Convergence, and Welfare," "Noise Trader Risk in Financial Markets," "Equipment Investment and Economic Growth," "Princes and Merchants: European City Growth Before the Industrial Revolution," "Why Does the Stock Market Fluctuate?" "Keynesianism, Pennsylvania-Avenue Style," "America's Peacetime Inflation: The 1970s," "American Fiscal Policy in the Shadow of the Great Depression," "Review of Robert Skidelsky (2000), John Maynard Keynes, volume 3, Fighting for Britain," "Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy," "Productivity Growth in the 2000s," "Asset Returns and Economic Growth."
Recent Posts
- Steckel: Stature and the Standard of Living
- Two Static Maximum Population-Density Models for Hunter-Gatherers: A First Approximation
- "We Took Great Store of Codfish and Called it Cape Cod:" Bartholomew Gosnold Sails Along Northeastern North America, 1602
- Teosinte to Corn
- American Settlement Chronology
- The Shadow of Malthus
- U.S. Geography--State Boundaries
- U.S. Geography--Landsat
- The Really Upper Tail
- The Upper Tail
Divergence in growth while looking at countries, convergence looking att people:
I think this is driven by the same factor at play in the Balassa-Samuelsson currency-exchange rate model: cross country-border labor immobility. With production increasing slightly faster than linearly with capital, the latter has historically tended to effectively increase its productivity through geographical concentration. Urbanization and industrialization has worked together. But where there is a country border over which capital can move freely while labour cannot there is a problem.
If industrial capital is scarce enough its productivity may be too low to compete for labor even against self-employed traditional farming. Capital flows out of Africa - diamonds, oil - wile the people are stuck inside with traditional farming or armed fighting for control over the exportable capital resources.
Posted by: Mats | February 01, 2008 at 02:04 PM