Are Energy Endowed Countries Responsible for Conditional Convergence?
研究发现,拥有化石燃料禀赋的国家在人均GDP和人均消费上表现出绝对和条件收敛,而无此类禀赋的国家则没有,这一模式对资源诅咒控制和样本期变化稳健。
We test for economic convergence in GDP per capita and consumption per capita within two distinct sets of countries: those with significant (and plausibly exogenous) fossil fuel (FF) endowments and those without such endowments. Among countries with FF endowments, we find evidence of both absolute and conditional convergence across both macroeconomic dimensions, as indicated by standard P- and o-convergence tests. By contrast, we do not find robust evidence of convergence among countries without FF endowments. This pattern—convergence among FF-endowed and non-convergence among non-endowed countries—is robust to changes in the sample period, controlling for potential resource curse effects, and is largely consistent across growth components. We discuss the implications for economic development and comment on its implications for global decarbonization policies.