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Convergence (economics)

The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. In the Solow-Swan model, economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker, which is the…

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Convergence (economics)

Nodes47
Edges46
Triples7
Avg. degree1.96
Density0.042553
Components1

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growth countries economies convergence economic catch-up per capital income developed also faster rate capita developing world level grow beta-convergence institutions

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
soilinstance ofcountries such as Brazil and Cuba with rich factor endowments0.80text
climate are predisposed to a guarded franchise with limited institutional growthinstance ofcountries such as Brazil and Cuba with rich factor endowments0.80text
Cuba experienced economies of scale from the establishment of plantation that in turn created the small elite families with vested interest in guarded franchiseinstance ofLand that is suitable for sugar and coffee0.80text
Cuba that had land suitable for growing sugarinstance ofThis differentiated them from countries0.80text
coffeeinstance ofThis differentiated them from countries0.80text
public schoolsinstance ofThis difference in political power led to little spending on the establishment of institutions0.80text
slowed down their progressinstance ofThis difference in political power led to little spending on the establishment of institutions0.80text

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