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Title: |
The Role of International Trade in the Convergence of per Capita GDP in
the OECD: 1950-1985 |
| Author: |
Rassekh, Farhad |
| Author
Affiliation: |
U Hartfold |
| Source: |
International Economic Journal, Winter 1992, v. 6, no. 4, pp. 1-15 |
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Publication Date: |
Winter 1992 |
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Abstract: |
The convergence of per capita GDP is
usually attributed to the flow of technology from the high per capita
income to the low per capita income countries. This paper examines the
role of international trade in the convergence process for 19 OECD
countries during the period 1950-1985. The paper finds that: (1) those
countries starting with lower income increased their trade openness
faster than the high income economies; and (2) the countries that
expanded trade faster grew more rapidly. These findings and the
regression results of a growth model suggest that international trade
contributed significantly to the convergence of per capita GDP. |
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