Michael Kremer presented their work on Converging to Convergence. It was hosted online on 26 February 2021 (Friday) at 9:00 - 10:30am by HKUST Institute for Emerging Market Studies.
Neoclassical theory predicts convergence towards steady-state income, determined by policies, institutions, and culture. Empirical tests of convergence in the 1990s found that conditioning on institutions mattered: unconditionally, the norm was divergence, if anything. Michael revisits these tests with 20 years of additional data. While the literature on institutions emphasizes their historical origins and persistence, he finds substantial changes.
Find out more about this event here.
Email: iems@ust.hk
Phone: (852) 3469 2215
Address:
IAS 2018 -2020
Lo Ka Chung Building, Lee Shau Kee Campus
The Hong Kong University of Science and Technology
Clear Water Bay, Kowloon, Hong Kong
Get updates from HKUST IEMS
