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An Integrative Approach to Measuring Economic Convergence: The Case of the European Union

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  • Bunyaratavej Kraiwinee

    (Department of Business/Health Administration and Economics, Arcadia University)

  • Hahn Eugene D.

    (Department of Information & Decision Sciences, Salisbury University)

Abstract

Empirical convergence analyses have helped provide insight as to whether economies are converging. Previous works on convergence have tended to focus on a particular economic indicator exclusively, even though the convergence process has multiple components. Improved estimates of convergence are likely to result from an integrated approach wherein several indicators are considered simultaneously. The proposed model integrates convergence analyses for three convergence variables to estimate the overall rate of economic convergence in the EU during 1960 to 1990. The research indicates that convergence is occurring overall, but that employment convergence is happening at a considerably slower pace than are the other types of convergence.

Suggested Citation

  • Bunyaratavej Kraiwinee & Hahn Eugene D., 2005. "An Integrative Approach to Measuring Economic Convergence: The Case of the European Union," Global Economy Journal, De Gruyter, vol. 5(2), pages 1-25, July.
    • Handle: RePEc:bpj:glecon:v:5:y:2005:i:2:n:8
    DOI: 10.2202/1524-5861.1065
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    References listed on IDEAS

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    1. National Research Council & Institute of Medicine Panel to review the National Children's Study Research Plan of which Allen Schirm is a member, "undated". "Small-Area Estimates of School-Age Children in Poverty: Interim Report 2, Evaluation of Revised 1993 County Estimates for Title I Allocations," Mathematica Policy Research Reports ea76dc09961d429593186b567, Mathematica Policy Research.
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    Cited by:

    1. FE, Doukouré Charles, 2010. "Réduction de Droits de Douane et Convergence Réelle dans l'UEMOA [Tariffs Reduction and Real Convergence in WAEMU]," MPRA Paper 26763, University Library of Munich, Germany.
    2. Anoruo, Emmanuel, 2019. "Testing for Convergence in Per Capita Income within ECOWAS," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(4), pages 493-512.

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