Exploring Regional Convergence: Evidence From 19 European Countries, 1991-2008
AbstractWe focus on regional convergence based upon a sample of 19 European countries (1991-2008). After covering theoretical issues on -convergence and -convergence, we focused on the income distribution details. Our evidence confirms some results presented elsewhere, such as the convergence process ephemeral nature, the trend towards polarization, the relative region's position high degree of persistence and the 'convergence clubs' hypothesis admissibility. Our main novelty is the estimated shape for the ergodic distribution, revealing a long run trend towards the formation of more clusters. In sum, the catching-up process underway in Europe seems to be transient.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 10 (2010)
Issue (Month): 2 ()
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Find related papers by JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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- ESCOBARI, Diego, 2011.
"Testing for Stochastic and Beta-convergence in Latin American Countries,"
Applied Econometrics and International Development,
Euro-American Association of Economic Development, vol. 11(2).
- Escobari, Diego, 2011. "Testing for Stochastic and Beta-convergence in Latin American Countries," MPRA Paper 36741, University Library of Munich, Germany.
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