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Catch-Up Effect

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PPGPortal > Home > Concept Dictionary > B, C > Catch-Up Effect
 

Catch-up Effect  

The property whereby countries that start off poor tend to grow more rapidly than countries that start off rich.

(Mankiw, N. Gregory, Ronald Kneebone, Kenneth J. McKenzie and Nicholas Rowe. 2008. Principles of Macroeconomics, 4th Canadian ed. Toronto: Thomson Nelson.)

 

     

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