Convergence Between Developed and Developing Countries: A Centennial Perspective.

ABSTRACT: Are countries at a low level of socio-economic development catching up with developed countries over time or rather falling further behind? Existing work on the subject is not conclusive, partially due to methodological differences. The aim of the paper is to carry out a broader analysis with longer time series and a more diverse set of indicators. The study divides countries of the world into 21 developed "benchmark" countries and 156 developing countries. The distance between the benchmark and developing countries is measured using the "time lags" method, applied here to nine indicators covering topics such as the economy, health, education and the environment. The study further utilizes a probabilistic approach to extrapolate missing historical data for developing countries, so that the

SUBMITTER: Paprotny D 

PROVIDER: S-EPMC7487265 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature