Construct · 1 fields · 1 citations

club convergence: a standalone construct

One name. One construct. A landmark on the map.

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Economic growth

the hypothesis that economies with similar initial conditions and characteristics converge to a common steady state while different groups diverge.

In economic growth, club convergence refers to the hypothesis that economies with similar initial conditions and characteristics converge to a common steady state while different groups diverge. This meaning comes from Galor (1996) in The Economic Journal.[1]

Unit
Recovery means
Measured by

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Nearby constructs

convergence4 fields · 4 citationsjingle · one word, four constructs growth4 fields · 4 citationsjingle · one word, four constructs hypothesis2 fields · 2 citationsjingle · one word, two constructs

References

Galor, O. (1996). Convergence? Inferences from Theoretical Models. The Economic Journal, 106(437), 1056. https://doi.org/10.2307/2235378

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