Abstract
On the one hand, it has been well established over the last decade that the worldwide income distribution has been polarizing or stratifying into distinct classes of income since World War II (see, among others, Bianchi (1997), Desdoigts (1994), and Quah (1996)). The analysis of the world income distribution is motivated by the following key question: can we find in the data evidences of poverty traps? Such a question can be found for instance in Baumol (1986)’s idea of convergence clubs.
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Desdoigts, A. (2000). Growth Regression and Counterfactual Income Dynamics. In: XploRe® — Application Guide. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-57292-0_8
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DOI: https://doi.org/10.1007/978-3-642-57292-0_8
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