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The Journal of Economic Perspectives
Article . 1997 . Peer-reviewed
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Divergence, Big Time

Authors: Lant Pritchett;

Divergence, Big Time

Abstract

Historical data are unnecessary to demonstrate that perhaps the basic fact of modern economic history is massive absolute divergence in per capita income across countries. A plausible lower bound on per capita income can be combined with estimates of its current level in the poorer countries to place an upper bound on long-run income growth. Between 1870 and 1990, the ratio of richest to poorest countries' income increased from roughly 9 to 1 to 45 to 1, the standard deviation of (natural log) per capita income doubled, and the average income gap between the richest and all other countries grew nearly tenfold from $1,286 to $12,000.

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Keywords

Economic Theory&Research,Economic Conditions and Volatility,Poverty Impact Evaluation,Public Sector Economics&Finance,Public Institution Analysis&Assessment,Economic Theory&Research,Inequality,Achieving Shared Growth,Governance Indicators,Economic Conditions and Volatility, jel: jel:N10, jel: jel:O47, jel: jel:J64, jel: jel:J21, jel: jel:E24

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
647
Top 0.1%
Top 0.1%
Top 1%
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