CATCHING UP FORGING AHEAD AND FALLING BEHIND ABRAMOVITZ PDF

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Ripley Harry A. Millis John M. Farnam Frank A. Hammond Ernest L. Koopmans Robert M. Willcox Thomas N. If these various lags are worked out, a country can stop the negative effect of inventories on the national market. Arthur Lewis Charles L. Kindleberger Alice M. Presidents of the American Economic Association. From Wikipedia, the free encyclopedia. Innis Calvin B. The Journal of Economic History. He went to Harvard with the intention of becoming a lawyer and studied criminal justice as well as economics.

Aggregate inventories of wholesalers and retailers also appear to have lagged behind sales by about six months. The New York Times. Fetter David Kinley John H. Adams Arthur T. If a country cannot adapt to the technology it is offered, it will not be able to generate more capital, which will cause the catch-up process to fail. Clark Henry C. Gardner Herbert J. Abramovitz, called Moe by family and friends, was known for his modest personality and was described as one of the least ego-driven scholars in economics.

Dewey Edmund J. Baumol Gardner Ackley W. Seager Carl C. Rivlin Gary S. Leo Sharfman Emanuel A. If the country does not build agramovitz with developed nations, the process will also fail. Black Edwin E. Schultz Paul A. The growth rate of a developing country will be higher than the growth rate of a developed country because the diminishing return of developing countries is much lower. Witte Morris A. Arrow Walter W. Stocking Arthur F.

During his time at the National Bureau of Economics Research, Behinc researched the role inventories play in business cycles. Mitchell Allyn A. Wolfe Joseph S. Views Read Edit View history. Plehn Wesley C. A business cycle is a fluctuation in economic activity over a period of time. Burns Theodore Forgig. During his career, he made many contributions to the study of macroeconomic fluctuations and economic growth over time. Barnett William Z.

Hoover Simon Kuznets John D. He then served as the organization chair from to and from to This page was last edited on 27 Decemberat Related Posts

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Journal of Economic History, 46 2 , Convergence happened most clearly in the quarter century following WWII. This article puts forth a hypothesis that convergence takes place because of catch-up phenomena. The story of convergence is quite a simple one, especially after WWII: The US had amassed such a degree of technology that was not available in other countries and, once the peace was established, other nations were able to achieve the gains from that technology without having to go up the steep learning curve of an initial adopter. As you get closer to the hegemon, this growth slows. Four extensions to the basic idea of technological convergence are listed: 1. The pace at which potential for catch-up is actually realized in a particular period depends on factors limiting the diffusion of knowledge, the rate of structural change, the accumulation of capital, and the expansion of demand.

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Catching Up, Forging Ahead, and Falling Behind

He went to Harvard with the intention of becoming a lawyer and studied criminal justice as well as economics. However, he became more interested in economics because he was able to connect it to the world in which he was living. He earned his Ph. He was awarded another doctorate from the University of Ancona in Abramovitz died at Stanford Hospital in California on December 1, , at the age of 88, after contracting a gastrointestinal infection. Abramovitz, called Moe by family and friends, was known for his modest personality and was described as one of the least ego-driven scholars in economics. He married Carrie Glasser, a Brooklyn-born painter and sculptor, in

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