Did Globalization Lead to Segmentation? Identifying Cross-Country Growth Regimes in the Long-Run

Research output: Working paper

Standard

Did Globalization Lead to Segmentation? Identifying Cross-Country Growth Regimes in the Long-Run. / Di Vaio, Gianfranco; Enflo, Kerstin Sofia.

Department of Economics, University of Copenhagen, 2009.

Research output: Working paper

Harvard

Di Vaio, G & Enflo, KS 2009 'Did Globalization Lead to Segmentation? Identifying Cross-Country Growth Regimes in the Long-Run' Department of Economics, University of Copenhagen.

APA

Di Vaio, G., & Enflo, K. S. (2009). Did Globalization Lead to Segmentation? Identifying Cross-Country Growth Regimes in the Long-Run. Department of Economics, University of Copenhagen.

Vancouver

Di Vaio G, Enflo KS. Did Globalization Lead to Segmentation? Identifying Cross-Country Growth Regimes in the Long-Run. Department of Economics, University of Copenhagen. 2009.

Author

Di Vaio, Gianfranco ; Enflo, Kerstin Sofia. / Did Globalization Lead to Segmentation? Identifying Cross-Country Growth Regimes in the Long-Run. Department of Economics, University of Copenhagen, 2009.

Bibtex

@techreport{bc161f702d9f11de9f0a000ea68e967b,
title = "Did Globalization Lead to Segmentation?: Identifying Cross-Country Growth Regimes in the Long-Run",
abstract = "Economic historians have stressed that income convergence was a key feature of the 'OECD-club' and that globalization was among the accelerating forces of this process in the long-run. This view has however been challenged, since it suffers from an ad hoc selection of countries. In the paper, a mixture model is applied to a sample of 64 countries to endogenously analyze the cross-country growth behavior over the period 1870-2003. Results show that growth patterns were segmented in two worldwide regimes, the first one being characterized by convergence, and the other one denoted by divergence. Interestingly, when three historical epochs are analyzed separately (1870-1913; 1913-1950; and 1950-2003), the dynamics which come to dominate over the whole period emerged only during the post-1950 years. In contrast, the First Global Wave was marked by global divergence. Therefore, history does not provide unambiguous evidence about globalization and convergence.",
author = "{Di Vaio}, Gianfranco and Enflo, {Kerstin Sofia}",
note = "JEL Classification: C52, N10, O47",
year = "2009",
language = "English",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Did Globalization Lead to Segmentation?

T2 - Identifying Cross-Country Growth Regimes in the Long-Run

AU - Di Vaio, Gianfranco

AU - Enflo, Kerstin Sofia

N1 - JEL Classification: C52, N10, O47

PY - 2009

Y1 - 2009

N2 - Economic historians have stressed that income convergence was a key feature of the 'OECD-club' and that globalization was among the accelerating forces of this process in the long-run. This view has however been challenged, since it suffers from an ad hoc selection of countries. In the paper, a mixture model is applied to a sample of 64 countries to endogenously analyze the cross-country growth behavior over the period 1870-2003. Results show that growth patterns were segmented in two worldwide regimes, the first one being characterized by convergence, and the other one denoted by divergence. Interestingly, when three historical epochs are analyzed separately (1870-1913; 1913-1950; and 1950-2003), the dynamics which come to dominate over the whole period emerged only during the post-1950 years. In contrast, the First Global Wave was marked by global divergence. Therefore, history does not provide unambiguous evidence about globalization and convergence.

AB - Economic historians have stressed that income convergence was a key feature of the 'OECD-club' and that globalization was among the accelerating forces of this process in the long-run. This view has however been challenged, since it suffers from an ad hoc selection of countries. In the paper, a mixture model is applied to a sample of 64 countries to endogenously analyze the cross-country growth behavior over the period 1870-2003. Results show that growth patterns were segmented in two worldwide regimes, the first one being characterized by convergence, and the other one denoted by divergence. Interestingly, when three historical epochs are analyzed separately (1870-1913; 1913-1950; and 1950-2003), the dynamics which come to dominate over the whole period emerged only during the post-1950 years. In contrast, the First Global Wave was marked by global divergence. Therefore, history does not provide unambiguous evidence about globalization and convergence.

M3 - Working paper

BT - Did Globalization Lead to Segmentation?

PB - Department of Economics, University of Copenhagen

ER -

ID: 11954239