The 'Poorest might catch up': Convergence vs. Pseudo-convergence

Abstract

Public welfare policies in developing countries have a Rawlsian perspective; they seek to uplift the poor, the poorest of the poor in particular. Policies to enable the poor to catch up with the rich are generally two-fold, viz., inclusive growth, and redistributive (transfer) programmes. This paper proposes twin concepts and measures of convergence (κ*) and pseudo-convergence (pseudo-κ*) to characterize such outcomes. Unlike the conventional measures of convergence, they can contra-distinguish outcomes during economic growth as against decay. Illustrations based on estimates of per capita GDP and consumption across countries in the world show divergence and pseudo-divergence between 1993 and 2011

Similar works

Full text

thumbnail-image

Kautilya Digital Repository at IGIDR

redirect
Last time updated on 17/11/2016

This paper was published in Kautilya Digital Repository at IGIDR.

Having an issue?

Is data on this page outdated, violates copyrights or anything else? Report the problem now and we will take corresponding actions after reviewing your request.