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The Beta-convergence Analysis and Regional Disparities in EU-28

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  • Mihaela Simionescu

    (Institute for Economic Forecasting of the Romanian Academy)

Abstract

The main objective of this research is to analyse the beta-convergence in European Union (EU-28), showing the regional income disparities. There was a faster increase of GDP per capita in poor economies in the period from 2001 to 2012. The absolute convergence was assessed using the approach based on spatial lag dependence. The rate of convergence has a low value of 0.46% for EU-28 during 2001-2012. The catching-up process is mostly in EU-28 a national phenomenon. The results of the estimations suggest not significant convergence within EU-28 members.

Suggested Citation

  • Mihaela Simionescu, 2014. "The Beta-convergence Analysis and Regional Disparities in EU-28," ACTA VSFS, University of Finance and Administration, vol. 8(2), pages 167-177.
    • Handle: RePEc:prf:journl:v:8:y:2014:i:2:p:167-177
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    Cited by:

    1. Adrian Liviu SCUTARIU, 2017. "The Evolution of Regional Disparities in the Central and Eastern European Countries of European Union," Book chapters-LUMEN Proceedings, in: Camelia IGNATESCU & Antonio SANDU & Tomita CIULEI (ed.), Rethinking Social Action. Core Values in Practice, edition 1, volume 1, chapter 73, pages 795-807, Editura Lumen.

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    More about this item

    Keywords

    convergence; regional disparities; Moran’s I; spatial lag model; spatial error model;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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