Income Convergence during the Disintegration of the World Economy, 1919-39

Some economists have argued that the process of disintegration of the world economy between the two world wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. T...

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Bibliographic Details
Main Author:	Milanovic, Branko
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AVERAGE GROWTH RATE AVERAGE TARIFF AVERAGE TARIFF RATES BILATERAL ARRANGEMENTS BILATERAL TRADE BILATERAL TREATIES BLOC IMPORTS BONDS CAPITAL FLOWS COMMUNITY COUNTRIES CONSTANT PRICES COUNTRY-SPECIFIC EFFECTS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEPENDENT VARIABLE ECONOMETRIC PROBLEMS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC SURVEYS ECONOMIC THEORY ECONOMISTS EMPIRICAL EVIDENCE EMPIRICAL SUPPORT ENDOGENOUS GROWTH ENDOGENOUS GROWTH MODEL EVIDENCE OF CONVERGENCE EXCHANGE RATE EXCHANGE RATES EXPORTERS EXPORTS FINANCIAL POSITION FOREIGN INVESTMENTS FOREIGN TECHNOLOGY FREE TRADE FREER TRADE GDP GDP PER CAPITA GINI COEFFICIENT GROWTH MODEL GROWTH RATE GROWTH RATES IMPORTS INCOME INCOME CONVERGENCE INCOME DIFFERENCES INCOME GAPS INCOMES INDUSTRIALIZATION INEQUALITY INVESTMENT RATE KNOWLEDGE SPILLOVER LESS DEVELOPED COUNTRIES LIVING STANDARDS LOCAL MARKET NEGATIVE COEFFICIENT NEGATIVE SLOPE NEIGHBORING COUNTRIES NON-TARIFF BARRIERS OIL OPENNESS PER CAPITA GROWTH POLICY RESEARCH POOR COUNTRIES POOR COUNTRY POPULATION GROWTH PRIMARY GOODS PRODUCTIVITY PROTECTIONISM PURCHASING POWER QUANTITATIVE RESTRICTIONS REAL WAGES REGIONAL BLOCS REGRESSION ANALYSIS SAVINGS SERIES DATA TARIFF BARRIERS TARIFF RATE TARIFF RATES TECHNOLOGICAL PROGRESS TRADE BARRIERS TRADE INTEGRATION TRADE VOLUMES TRADE] AREAS TRADING BLOCS VOLUME OF TRADE WAGE CONVERGENCE WAGES WORLD ECONOMY WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2003/01/2126587/income-convergence-during-disintegration-world-economy-1919-39 http://hdl.handle.net/10986/19178

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http://documents.worldbank.org/curated/en/2003/01/2126587/income-convergence-during-disintegration-world-economy-1919-39
http://hdl.handle.net/10986/19178

Income Convergence during the Disintegration of the World Economy, 1919-39

Internet

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