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A review of the Convergence Mechanismin the theory of Economic Growth

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DOI: 10.38007/Proceedings.0000155

Author(s)

Dandan Li

Corresponding Author

Dandan Li

Abstract

By combing the theory of economic growth, this paper discusses the internal logic relationship between the theory of late development advantage, the theory of neoclassical growth and the theory of endogenous growth and convergence, excavates the main points of convergence hypothesis of different economic growth theories, and compares and analyzes the differences of convergence mechanism in different theoretical models. This not only enriches the theoretical connotation, but also provides a theoretical basis for the study of economic growth convergence. Finally, the application of related theories is prospected.

Keywords

Economic Growth Theory; Convergence Mechanism; Difference