WEKO3
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Re-Examining the Convergence of the World Economy: Markov Chain Model with Population Weighting
https://agi.repo.nii.ac.jp/records/215
https://agi.repo.nii.ac.jp/records/215007c22ad-0230-422c-bbe3-a11f0f0eae06
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
WP2022-02 (517.2 kB)
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| Item type | ワーキングペーパー/Working Paper(1) | |||||||||||
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| 公開日 | 2022-02-28 | |||||||||||
| タイトル | ||||||||||||
| タイトル | Re-Examining the Convergence of the World Economy: Markov Chain Model with Population Weighting | |||||||||||
| 言語 | en | |||||||||||
| 言語 | ||||||||||||
| 言語 | eng | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Convergence | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | World Economy | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Markov Chain | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||||||||
| 資源タイプ | working paper | |||||||||||
| 著者 |
ドミンゲス, アルバロ
× ドミンゲス, アルバロ
WEKO
327
× 坂本, 博 |
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| 抄録 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | We study the convergence hypothesis of economic growth relying on recent data. To fix the population size of each country for rank changes, we re-estimate the transition probability matrix by applying a population weight to changes in the income rank of each country. We then find that with no population weighting, the world economy can be divided into two peaks as before. Nevertheless, the population-weighted probability model yields more optimistic results: We divide the world economy into several regions, estimate similar probability models, and calculate the convergence distribution. We then divide the world into the optimistic and pessimistic region. The optimistic region, with high income, is composed of East Asia and Europe; The pessimistic region, with low income, is composed of Sub-Saharan Africa. These two extremes cause the observed twin peaks. The transition information of China and India has a significant impact when considering population weighting. These two countries show rapid economic growth, which produces optimistic results in our population-weighted model. | |||||||||||
| 書誌情報 |
en : AGI Working Paper Series 巻 2022-02, p. 1-23, 発行日 2022-02 |
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| JEL分類コード | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | JEL classification: C49, D39, O50, R11 | |||||||||||
