2016
DOI: 10.4018/978-1-5225-0215-9.ch003
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Convergence Aspect of Capital Formation

Abstract: Empirical evidences on convergence or divergence of a group of economies or regions in most instances are based upon per capita income as the only determinant for discussion. As time goes on, there has been a lot of studies on the convergence or divergence of certain variables which are proxy to the income variable. The present chapter attempts to examine whether there is convergence or divergence in per capita gross capital formation across 37 countries for the period 1980-2013. The study observes that there … Show more

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Cited by 2 publications
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“…Another parameter for assessing a country's development is its level of industrialization in terms of the tertiary and quaternary sectors of industry that show major increases and account for a large portion of the country's growth. Social variables like a high literacy rate, a progressive human development index, absence of gender bias, empowerment of women, falling mortality rates and good governance also define a developed country (Ray et al, 2016;Das et al, 2016).…”
Section: Comparison Across Locationsmentioning
confidence: 99%
“…Another parameter for assessing a country's development is its level of industrialization in terms of the tertiary and quaternary sectors of industry that show major increases and account for a large portion of the country's growth. Social variables like a high literacy rate, a progressive human development index, absence of gender bias, empowerment of women, falling mortality rates and good governance also define a developed country (Ray et al, 2016;Das et al, 2016).…”
Section: Comparison Across Locationsmentioning
confidence: 99%