A prediction of a class of neoclassical growth models is that countries with similar levels of integration in the world economy will have parallel long-run growth paths. We test this hypothesis for the OECD, using estimates of long-run mean growth rates of per capita output for each country for the period 1870-2005. The results show strong evidence for unconditional beta-convergence only in the post-WWII period of 1951-1974. The results serve as a caution against drawing inferences regarding long-run growth patterns from this sample of countries when the time frame includes the post-WWII golden-age period. (C) 2009 Elsevier Inc. All rights reserved.
|Journal||Explorations in Economic History|
|Publication status||Published - 2009|