Economic growth process is explained by many scientists in order to materialize a cherished
objective of economic growth across the globe. In the current study, convergence among
developed, developing and emerging countries has been estimated. Convergence process was estimated by
employing sigma, beta and omega techniques. Analysis was done for three time periods i.e. from 1980 to 2018,
from 1980 to 2000 and from 2001 to 2018. Sigma and beta analysis for
the period from 1980 to 2000 showed divergence among countries
however there are difference among developed, developing and economies
Omega analysis showed divergence of developed countries and
convergence among developing and emerging countries. Last analysis
from 2001 to 2018 showed convergence among countries. The results are
consistent with the adoption of information technology. Therefore, fast
spillover effects of information technology help the countries in
convergence process and make this world a global village.
1-Babar Hussain PhD Scholar, Department of Economics,Government College University Faisalabad, Punjab, Pakistan. 2-Muhammad Rizwan Yaseen Assistant Professor,Department of Economics, Government College University Faisalabad, Punjab, Pakistan.3-Sofia Anwar Professor,Department of Economics, Government College University Faisalabad, Punjab, Pakistan.
Convergence; Divergence; Economic Growth; Information Technology Spillover; Developed; Developing Economies.