Catching up, Forging ahead, and Falling behind: A Panel Structure Analysis of Convergence Clubs. ∗. Yixiao Sun. Department of Economics. Yale University. Catching Up, Forging Ahead, and Falling Behind – Volume 46 Issue 2 – Moses Abramovitz. Catching Up, Forging Ahead, and Falling Behind in Southeast Asia: The In then-Stanford professor Moses Abramovitz argued in a seminal article that all.

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A business cycle is a fluctuation in economic activity over a period of time. Samuelson Edward S.

If the developing country sells more capital, it will grow. Fetter David Kinley John H. The fluctuation may be good, as with a boom and economic forgint, or bad, as with a recession or depression. Taylor Edwin F.

EconPapers: Catching Up, Forging Ahead, and Falling Behind

Kindleberger Alice M. Rivlin Gary S. Seligman Frank W. Dunbar John B. He earned his Ph. Klein Jacob Marschak Tjalling C. From Wikipedia, the free encyclopedia. By using this site, you agree to the Terms of Use and Privacy Policy. This page was last edited on 27 Decemberat National Bureau of Economic Research, Inc.


Presidents of the American Economic Association. Seager Carl C. Dewey Edmund J. Solow Moses Abramovitz William J. Mills Sumner Slichter Edwin G. Nourse Albert B. Retrieved from ” https: Stigler Joseph J.

Becker Robert Eisner Joseph A.

Catching Up, Forging Ahead, and Falling Behind

Ripley Harry A. Plehn Wesley C. Willcox Thomas N. During his career, he made many contributions to the study of macroeconomic fluctuations and economic growth over time. In his paper “The Role of Inventories in Business Cycles,” Abramovitz wrote that inventory can play a negative role if there is a lag in the production of the inventory. Arrow Walter W.

Some merchants’ ability to adjust inventories to sales is so limited as to produce a long lag of stocks behind sales, or even an inverse relationship between sales and inventories.

Moses Abramovitz

Patten Davis R. Harvard University and Columbia University. If a country cannot adapt to the technology it is offered, it will not be able cahching generate more capital, which will cause the catch-up process abarmovitz fail.


Detailed studies reveal that this lag reflects large differences in the ability of merchants in different trades to keep the rate at which they receive goods in line with the rate at which they can dispose of them. Roth Olivier Blanchard Commons Irving Fisher Henry B. Stocking Arthur F. Views Read Edit View history. Moses Abramovitz January 1, — December 1, was a 20th-century American economist and professor.

The New York Times. Witte Morris A. Kemmerer Thomas S. If these various lags are worked out, a country can stop the negative effect of inventories on bfhind national market. Aggregate inventories of wholesalers and retailers also appear to have lagged behind sales by about six months. The Journal of Economic History. Gay Matthew B.

Clark Henry C.