国际清算银行：趋同需要什么？金融和资本的作用（英文版）

Basic macroeconomic models predict convergence: that poor countries will grow faster than, or catch up to, rich countries. The empirical evidence for these predictions has at times suggested unconditional or divergence. More recent data indicate convergence again, at least within the manufacturing sector. This paper examines what factors help to foster convergence of poor countries with rich ones, highlighting differences by industry in their reliance on human and physical capital and the rol