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Technological Shifts and Convergence in a European perspective since 1950

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Author

  • Lennart Schön

Summary, in English

The paper analyses the behaviour of convergence/divergence primarily within Western Europe and the OECD in relation to market integration and to major technological shifts such as the second and the third industrial revolution. It also relates the behaviour to traditional growth theory and endogenous growth theory as well as to historical generalisations based on structural analysis. The empirical focus is on an econometric analysis of convergence/divergence since 1950 in order to develop measures of these forces as continuous processes over time. The analysis indicates trend shifts from convergence to divergence with the appearance of stronger divergent forces in combination with the major technological shifts. There is as well a cyclical variation between divergence/convergence from the 1970s. It also indicates a pronounced structural divergence from 1990 in combination with accelerated growth in mainly English-speaking economies.

Publishing year

2007

Language

English

Pages

222-243

Publication/Series

Scandinavian Economic History Review

Volume

55

Issue

3

Document type

Journal article

Publisher

Routledge

Topic

  • Social Sciences Interdisciplinary
  • Economic History

Keywords

  • technological change
  • economic growth
  • long cycles
  • convergence

Status

Published

ISBN/ISSN/Other

  • ISSN: 0358-5522