Title

A continuous state space approach to “Convergence by Parts,”

Document Type

Working Paper

Journal/Book Title/Conference

Economics Letters

Volume

86

Article

1043

Issue

3

Pages

317-321

Publication Date

3-2005

Department or Program

Economics Department

Abstract

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply that traps in both TFP growth and capital accumulation may matter.