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REGIONAL ECONOMIC GROWTH AND CONVERGENCE, 1950-2007: Some Empirical Evidence

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  • Georgios Karras

    ()
    (University of Illinois at Chicago)

Abstract

This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita. Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two variables varies by region. The empirical findings are broadly supportive of conditional convergence at an estimated average annual rate that has ranged from 0.8% in Europe to 1.7% in Asia. It is also shown that the speed of convergence is far from constant over time: it has been steadily falling in the OECD and the Americas, but steadily increasing in Asia.

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File URL: http://www.rsijournal.eu/ARTICLES/Journal_2/RSIJUNE2010.pdf
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Bibliographic Info

Article provided by Hellenic Association of Regional Scientists in its journal Regional Science Inquiry Journal.

Volume (Year): II (2010)
Issue (Month): 1 (June)
Pages: 11-24

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Handle: RePEc:hrs:journl:v:ii:y:2010:i:1:p:11-24

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Related research

Keywords: Solow Growth Model; Economic Growth; Convergence;

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  1. Biewen, Martin & Fitzenberger, Bernd & Osikominu, Aderonke & Waller, Marie, 2007. "Which Program for Whom? Evidence on the Comparative Effectiveness of Public Sponsored Training Programs in Germany," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 07-042, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  2. Brodaty, Thomas & Crépon, Bruno & Fougère, Denis, 2000. "Using Matching Estimators to Evaluate Alternative Youth Employment Programs: Evidence from France, 1986-1988," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2604, C.E.P.R. Discussion Papers.
  3. Jan Fagerberg & Bart Verspagen, 2009. "Innovation Studies – the emerging structure of a new scientific field," Working Papers on Innovation Studies, Centre for Technology, Innovation and Culture, University of Oslo 20090104, Centre for Technology, Innovation and Culture, University of Oslo.
  4. F. Alfonso Arellano, 2005. "Do Training Programmes Get The Unemployedback To Work?: A Look At The Spanish Experience," Economics Working Papers we052515, Universidad Carlos III, Departamento de Economía.
  5. Laura A. Schintler & Sean P. Gorman & Aura Reggiani & Roberto Patuelli & Andy Gillespie & Peter Nijkamp & Jonathan Rutherford, 2004. "Complex Network Phenomena in Telecommunication Systems," Tinbergen Institute Discussion Papers, Tinbergen Institute 04-118/3, Tinbergen Institute.
  6. Aakvik, Arild & Dahl, Svenn-Åge, 2004. "Transitions to Employment from Labour Market Enterprises in Norway," Working Papers in Economics, University of Bergen, Department of Economics 07/04, University of Bergen, Department of Economics.
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