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Explanation of Economic growth and Convergence Explain the structure of the data provided and how it characterizes the countries under consideration over the years that
Explanation of Economic growth and Convergence
- Explain the structure of the data provided and how it characterizes the countries under consideration over the years that are taken into account. Using your own words, explain why you believe that the poor countries in the data can (cannot) catch up with the rich countries? Your argument should be based on the convergence analysis you made from the data. You can support your argument by citing relevant works that are in line with your analysis.
- In summing up your analysis; provide a summary of the main points in your paper in connection with the theory of long-run economic growth and convergence.
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