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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. Thomas Brodaty & Bruno Crépon & Denis Fougère, 2000. "Using Matching Estimators to Evaluate Alternative Youth Employment Programs : Evidence from France, 1986-1988," Working Papers 2000-25, Centre de Recherche en Economie et Statistique.
  2. 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 04-118/3, Tinbergen Institute.
  3. 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," IZA Discussion Papers 2885, Institute for the Study of Labor (IZA).
  4. F. Alfonso Arellano, 2010. "Do Training Programmes Get The Unemployed Back To Work? A Look At The Spanish Experience," Revista de Economia Aplicada, Universidad de Zaragoza, Departamento de Estructura Economica y Economia Publica, vol. 18(2), pages 39-65, Autumn.
  5. Aakvik, Arild & Dahl, Svenn-Åge, 2004. "Transitions to Employment from Labour Market Enterprises in Norway," Working Papers in Economics 07/04, University of Bergen, Department of Economics.
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