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What is Absolute ß Convergence

Chapter 1
Handbook of Research on Global Indicators of Economic and Political Convergence
It means the inverse relation between the annual average growth rates of the variable and the base value of the variable. If the coefficient is significantly negative then we call that the regions or countries are converging in absolute terms with no effect of the conditional variables. All the countries then converge to a common steady state position. For further detail see the methodology section.
Published in Chapter:
Convergence Analysis of Households' Consumption Expenditure: A Cross Country Study
Ramesh Chandra Das (Vidyasagar University, India), Amaresh Das (Southern University at New Orleans, USA), and Frank Martin (Southern University at New Orleans, USA)
Copyright: © 2016 |Pages: 28
DOI: 10.4018/978-1-5225-0215-9.ch001
Abstract
Households' consumption expenditure becomes an important determinant of GDP of a country, particularly when the economy is struck by depression with low levels of private and public investments. So maintaining growth of this head of expenditure over time becomes the crucial agenda of the policy makers all over the world. The present chapter tries to analyze whether the developing countries' levels of households' consumption expenditure are converging to the ones in the developed countries during 1980-2013 in the sample of 40 countries. The study reveals that there is no significant absolute ß and s convergence among either in the cross section or in pooling of the data during the given period. But population growth factor is making the countries converge significantly in conditional sense. By separating the entire data we observe that, for the entire period, the developed countries are significantly converging in absolute sense while the developing countries are not, although there are mixed results in s convergence.
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Chapter 3
Convergence Aspect of Capital Formation: A Study on Major Countries
By this definition of convergence, the countries with low base values of the concerned variable, e.g. per capita income, should grow at higher rates than the country with higher base values of the variable (with homogeneous characters in other structural variables) and as time goes on the former countries will catch the latter countries in a common steady state value of the variable. This common steady state may be treated as the unification of the countries in the long run. For detail, see the methodology section.
Published in Chapter: Convergence Aspect of Capital Formation: A Study on Major Countries; From: Handbook of Research on Global Indicators of Economic and Political Convergence
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Chapter 22
Convergence of Forest Resources in Jangalmahal, West Bengal
In a homogeneous group of economies, the rich with higher initial value of the variable grow at lesser rates compared to the poor economies with lower initial value of the variable and ultimately the poor catch up the rich.
Published in Chapter: Convergence of Forest Resources in Jangalmahal, West Bengal; From: Handbook of Research on Global Indicators of Economic and Political Convergence
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