Theory and empirical evidence of real convergence

Članek v začetku predstavi dva osnovna modela, ki ju ekonomisti praviloma uporabljajo pri študiju gospodarske rasti in realne konvergence. Prvi je Solow-Swanov model in drugi model AK. Medtem ko Solow-Swanov model pokaže, da obstaja možnost realne konvergence med državami, in pojasni razloge, zakaj nekatere države rastejo hitreje od drugih, model AK konvergence ne predvideva. V drugem delu članka je nanizan pregled osnovne literature in najpomembnejših člankov, ki obravnavajo realno konvergenco. Pregled kronološko podaja empirične teste, narejene na različnih vzorcih svetovnih držav. Večina člankov dokaže, da konvergenca med državami v neki obliki obstaja, to pa pomeni, da revnejše države znotraj konvergenčnih klubov vsaj na dolgi rok dohitevajo bogatejše države.The article firstly explores two basic models that economists have usually used to study economic growth and real convergence issues. The first is the Solow-Swan growth model and the second is the AK-model. The Solow-Swan growth model shows that there exists a possibility of real convergence among countries and explains the reasons that one country grows faster than the other. The AK-model, on the other hand, shows that real convergence is not expected. The second part of the article is a survey of the literature and the most important empirical articles on real convergence issues. The survey chronologically presents empirical tests done by using different samples of countries all over the world. Most of the articles show that there exists some kind of convergence among countries, which means that poor countries are catching up with rich countries in the long run