Location of Repository

Distribution dynamics: stratification, polarization and convergence among OECD economies, 1870-1992

By Philip Epstein, Peter Howlett and Max-Stephan Schulze


Using a distribution dynamics approach, the growth experience of 17 OECD economies is investigated. After explaining the distribution dynamics approach, the empirical analysis examines both the observed period dynamics and the unique long-run equilibrium associated with three periods. This study suggests persistence and stratification, not convergence, characterized the pre-1914 regime, whereas convergence was the key feature of the post-war regime. However, a larger sample of OECD economies in the post-war period indicates that convergence was primarily a feature of the Golden Age and in the post-Golden Age period separation, polarization, and divergence came to the fore

Topics: HC Economic History and Conditions
Publisher: Elsevier
Year: 2003
DOI identifier: 10.1016/S0014-4983(02)00023-2
OAI identifier: oai:eprints.lse.ac.uk:4328
Provided by: LSE Research Online
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.elsevier.com/wps/fi... (external link)
  • http://eprints.lse.ac.uk/4328/ (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.