TY  - BOOK
AU  - Razin,Assaf
AU  - Yuen,Chi-Wa
ED  - National Bureau of Economic Research.
TI  - Factor Mobility and Income Growth: Two Convergence Hypotheses 
T2  - NBER working paper series
PY  - 1995///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - May 1995; Hardcopy version available to institutional subscribers
N2  - While technologies and policy fundamentals are presumably different internationally, inducing differences in growth rates, capital mobility is shown to be a powerful force in achieving complete growth rate equalization across countries.  We provide evidence in support of this effect, showing that restrictions on capital flows tend to make individual country growth rates more divergent.  In the context of regional growth, however, labor mobility is shown to be capable of generating income level equalization across regions in the presence of knowledge spillovers.  Some supporting evidence is found for this effect, showing that restrictions on labor flows tend to make individual region/country per capita income more divergent
UR  - https://www.nber.org/papers/w5135
UR  - http://dx.doi.org/10.3386/w5135
ER  -