Contents

Industrialization, Convergence, and Patterns of Growth

Cho, Dong Chul

Abstract

Patterns of national growth rates against levels of per capita income seem to be best understood through the behavior of the relevant factors of growth. This paper describes patterns of growth as the sum of patterns in the capital accumulation rates and patterns in the pace of "industrialization' with development. In conjunction with the time series behavior of the variables, the postwar cross-country data suggest the following interpretation: as one country develops, the rate of capital accumulation, and hence the growth rate of income, tends to increase in general; but drastic industrialization can generate a hump in the growth rate during the course of development.

Issue Date
1994-10
Publisher
UNIV NORTH CAROLINA
Keywords
Gross domestic product; Middle income; Regression coefficients; Linear regression; Workforce; Conditional convergence; Proxy reporting; Proxy statements; High income; Capital accumulation
Citation
SOUTHERN ECONOMIC JOURNAL, v.61, no.2, pp.398 - 414, 1994
DOI
10.2307/1059987
Journal Title
SOUTHERN ECONOMIC JOURNAL
Start Page
398
End Page
414
ISSN
0038-4038
Language
English
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