Glossary of economics research
Results of search for catch-up follow:
catch-up:
"'Catch-up' refers to the long-run process by which productivity laggards
close the proportional gaps that separate them from the productivity leader
.... 'Convergence,' in our usage, refers to a reduction of a measure of
dispersion in the relative productivity levels of the array of countries under
examination." Like Barro and Sala-i-Martin (92)'s "sigma-convergence", a
narrowing of the dispersion of country productivity levels over time.
Source: From Moses Abramovitz and Paul A. David, 1996. "Convergence and
Deferred Catch-up: productivity leadership and the waning of American
exceptionalism." In Mosaic of Economic Growth, edited by Ralph Landau,
Timothy Taylor, and Gavin Wright.
Contexts: international; macro
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