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Convergence Theory; A Study of Iran's Position

    Authors

    • Mansoor Khalili 1
    • Nahid Mas'udie 2

    1 Faculty member of Tehran University

    2 M. A. in Economics

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Abstract

In its simplest form, convergence thesis predicts that per capita
income and productivity of work force is going to be converged
among different countries. However, it does not come true in reality
as the world's economy is getting multi – polarized rather than
converging. Therefore, the Simple convergence thesis has modified to
conditional convergence thesis and changed to a kind of economic
growth theory. This paper suggests all the countries meet with two
convergences: convergences of developed (Rich) countries and
developing (Poor) countries. Iran's economy seems to be converged to
developing (poor) countries. Although, the gap between per capita
incomes got increased through ١٩٧٥ – ٢٠٠٢, but through last decade
of ٢٧ years of study, it got to decrease. To converge to developed
(rich) countries, Iran should improve its social technological
potentials.

Keywords

  • convergence
  • conditional convergence
  • multiple convergences
  • convergence tests
  • social potentials
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Journal of Economic Essays: an Islamic Approach
Volume 3, Issue 6 - Serial Number 6
October 2006
Pages 83-112
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  • PDF 280.52 K
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How to cite
  • RIS
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  • BibTeX
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Statistics
  • Article View: 2,873
  • PDF Download: 1,544

APA

Khalili, M., & Mas'udie, N. (2006). Convergence Theory; A Study of Iran's Position. Journal of Economic Essays: an Islamic Approach, 3(6), 83-112.

MLA

Mansoor Khalili; Nahid Mas'udie. "Convergence Theory; A Study of Iran's Position". Journal of Economic Essays: an Islamic Approach, 3, 6, 2006, 83-112.

HARVARD

Khalili, M., Mas'udie, N. (2006). 'Convergence Theory; A Study of Iran's Position', Journal of Economic Essays: an Islamic Approach, 3(6), pp. 83-112.

VANCOUVER

Khalili, M., Mas'udie, N. Convergence Theory; A Study of Iran's Position. Journal of Economic Essays: an Islamic Approach, 2006; 3(6): 83-112.

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