Specification and Testing of Markov Chain Models: An Application to Convergence in the European Union
AbstractRecently Markov chains have been used to analyze the convergence properties of national and regional per capita incomes. This paper highlights their applicability and importance for economists and illustrates some of the potential pitfalls associated with this approach. The empirical conclusions, based on data for the period 1975 to 1993, are that the regions of the European Union appear to be converging to a form of equilibrium characterized by stable proportions of economies at a range of output per capita levels, and by a permanent chance of mobility between all levels, consistent with the existence of multiple steady states across countries. Copyright 1997 by Blackwell Publishing Ltd
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics.
Volume (Year): 59 (1997)
Issue (Month): 3 (August)
Contact details of provider:
Postal: Manor Rd. Building, Oxford, OX1 3UQ
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0305-9049
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Anna Decewicz, 2013. "Modele Markowa w analizie dynamiki zróżnicowania regionalnego dochodu w krajach UE," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 30, pages 75-88.
- Paul David & Francesco Rullani, 2007.
"Dynamics of Innovation in an “Open Source” Collaboration Environment: Lurking, Laboring and Launching FLOSS Projects on SourceForge,"
07-022, Stanford Institute for Economic Policy Research.
- Paul A. David & Francesco Rullani, 2008. "Dynamics of innovation in an “open source” collaboration environment: lurking, laboring, and launching FLOSS projects on SourceForge," Industrial and Corporate Change, Oxford University Press, vol. 17(4), pages 647-710, August.
- Roberto Zelli & Maria Grazia Pittau, 2006. "Empirical evidence of income dynamics across EU regions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(5), pages 605-628.
- Roberto Basile, 2010.
"Intra-distribution dynamics of regional per-capita income in Europe: evidence from alternative conditional density estimators,"
Department of Statistics, University of Bologna, vol. 70(1), pages 3-22.
- Roberto Basile, 2007. "Intra-distribution dynamics of regional per-capita income in Europe: evidence from alternative conditional density estimators," ISAE Working Papers 75, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
- Magrini, Stefano, 2004. "Regional (di)convergence," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 62, pages 2741-2796 Elsevier.
- Paul Bishop & Peter Gripaios, 2006. "Earnings convergence in UK counties: a distribution dynamics approach," Applied Economics Letters, Taylor & Francis Journals, vol. 13(1), pages 29-33.
- Sueli Moro & Reginaldo J. Santos, 2013. "The characteristics and evolution of the Brazilian spatial urban system: empirical evidences for the long-run, 1970-2010," Textos para DiscussÃ£o Cedeplar-UFMG 474, Cedeplar, Universidade Federal de Minas Gerais.
- Kurt Geppert & Michael Happich & Andreas Stephan, 2004.
"Regional disparities in the European Union: Convergence and Agglomeration,"
ERSA conference papers
ersa04p219, European Regional Science Association.
- Kurt Geppert & Andreas Stephan, 2008. "Regional disparities in the European Union: Convergence and agglomeration," Papers in Regional Science, Wiley Blackwell, vol. 87(2), pages 193-217, 06.
- Stephan, Andreas & Happich, Michael & Geppert, Kurt, 2005. "Regional Disparities in the European Union: Convergence and Agglomeration," Working Paper Series 2005,4, European University Viadrina Frankfurt (Oder), The Postgraduate Research Programme Capital Markets and Finance in the Enlarged Europe.
- Kurt Geppert & Michael Happich & Andreas Stephan, 2005. "Regional Disparities in the European Union: Convergence and Agglomeration," Discussion Papers of DIW Berlin 525, DIW Berlin, German Institute for Economic Research.
- George Hammond, 2004.
"Metropolitan/non-metropolitan divergence: A spatial Markov chain approach,"
Papers in Regional Science,
Springer, vol. 83(3), pages 543-563, 07.
- George Hammond, 2004. "Metropolitan/non-metropolitan divergence: A spatial Markov chain approach," Economics of Governance, Springer, vol. 83(3), pages 543-563, 07.
- LE GALLO, Julie, 2001. "Space-time analysis of GDP disparities among European regions: A Markov chains approach," LATEC - Document de travail - Economie (1991-2003) 2001-06, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
- Sergio Rey, 2014. "Rank-based Markov chains for regional income distribution dynamics," Journal of Geographical Systems, Springer, vol. 16(2), pages 115-137, April.
- Torres Solé, Teresa & Allepuz Capdevila, Rafael, 2009. "El desarrollo humano: perfiles y perspectivas futuras /Profiles and Prospects of the Human Development," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 545-562, Agosto.
- Frank Bickenbach & Eckhardt Bode, 2001. "Markov or Not Markov � This Should Be a Question," Kiel Working Papers 1086, Kiel Institute for the World Economy.
- Paul Bishop & Peter Gripaios, 2005. "Patterns Of Persistence And Mobility In Gdp Per Head Across Gb Counties," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 96(5), pages 529-540, December.
- Jesus Lopez-Rodriguez & Andres Faiña, 2009. "Regional Policy and Convergence in Europe: The Case of Backward Regions," Economics Bulletin, AccessEcon, vol. 29(2), pages 1046-1053.
- Giorgio Canarella & Stephen Pollard, 2006. "Distribution dynamics and convergence in Latin America: A non-parametric analysis," International Review of Economics, Springer, vol. 53(1), pages 68-95, March.
- Bode, Eckhardt & Bickenbach, Frank, 2002. "Markov or not Markov - this should be a question," ERSA conference papers ersa02p024, European Regional Science Association.
- George Hammond & Eric Thompson, 2002. "Mobility and Modality Trends in US State Personal Income," Regional Studies, Taylor & Francis Journals, vol. 36(4), pages 375-387.
- Jonathan Jones & Colin Wren, 2009. "The dynamics of FDI location: a markov analysis for British regions," LSE Research Online Documents on Economics 33497, London School of Economics and Political Science, LSE Library.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.