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Development Economics
» Productivity of firms »
Conditional convergence
» Conditional convergence - Practice Questions
Conditional convergence - Practice Questions
1. The rate of “productivity catch-up” in different sectors of an economy:
*
Tend to be different
Tend to be the same
Tend to be slow at first, but almost always speed up after 5-10 years
2. In general, productivity convergence in areas of machinery and equipment:
*
is relatively slow
is relatively rapid
is uncertain
3. As a result of the relatively rapid growth of machinery and equipment sectors in developing economies, some economists suggest:
*
shifting resources into these sectors will spawn additional growth
shifting resources into these sectors will retard economic growth as sectors like farming and services go without
pouring every available resource into manufacturing
