Global convergence

On what basis can global convergence scenarios be designed? To address this issue, the OECD is hosting an international workshop in Paris today on Global convergence scenarios: structural and policy issues to talk about the main mechanisms underlying long-run economic growth, including the role of policies and institutions. Most of the presentations are available online.

Comments

[Edward Hugh]

Fascinating programme. I am not a great admirer of the work of Joaquim Oliveira Martins, but he is at least interested in the right problems:

"These convergence scenarios, however, are often produced on a rather ad-hoc basis. Notably, they are often derived from exogenous population and labour productivity assumptions that may not be internally coherent in terms of the structural feedback mechanisms and policies needed to support a given convergence path."

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Notably, they are often derived from exogenous population and labour productivity assumptions that may not be internally coherent in terms of the structural feedback mechanisms and policies needed to support a given convergence path