Matja Novak

Thesis on convergence theory

Frontiers of real convergence of a transition economy

• Broschiertes Buch

Produktbeschreibung

One of the basic issues of growth theory is the analysis of real convergence. Modern growth theories are able to predict divergence between economies that is caused by the differences in technological progress, human capital, or institutions. Henceforth, regardless which of the recognized growth models we take into consideration (aggregate as well as sectoral), all have an important common characteristic: they predict the divergence between economies on the basis of their differences in initial conditions at the aggregate level. The focus of this book is the opposite to that of the existing solutions. We develope a growth model that enables us to predict the divergence between economies where the assumption on the homogeneity of initial conditions at the aggregate level is fulfilled. For this purpose we develop an original growth model that permits us to predict real divergence of labor productivity between economies, although all the regarded economies experience convergence in technology, human capital and institutional organization.

Produktdetails

• Verlag: VDM Verlag Dr. Müller
• Seitenzahl: 240
• Englisch
• Gewicht: 330g
• ISBN-13: 9783639195859
• ISBN-10: 363919585X
• Artikelnr.: 27017308

Autorenporträt

Matja Novak obtained bachelor degree at the Faculty of business and economics at the University of Maribor in July 2002. He became Master of Science at the Faculty of economics University of Ljubljana in December 2004, and in November 2007 he defended his doctoral dissertation at the Faculty of Economic University of Ljubljana.