An empirical analysis of income convergence in the European Union
AbstractIn this article, we investigate the convergence process within the European Union. More particularly, we study the convergence process of the new entrants from Central and Eastern Europe and of the 15 Western countries between 1990 and 2007. Applying a panel approach to the convergence equation derived from the Solow model, we show that new entrants and former members of the European Union can be seen as belonging to different groups of convergence. The existence of heterogeneity in the European Union or the Eurozone might affect their stability as the recent Greece's sovereign debt crisis illustrates it.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics Letters.
Volume (Year): 18 (2011)
Issue (Month): 17 ()
Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/13504851.html
Other versions of this item:
- Laurent Cavenaile & David Dubois, 2010. "An Empirical Analysis of Income Convergence in the European Union," CREPP Working Papers 1001, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Durlauf, Steven N & Johnson, Paul A, 1995.
"Multiple Regimes and Cross-Country Growth Behaviour,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 10(4), pages 365-84, Oct.-Dec..
- Durlauf, S.M. & Johnson, P.A., 1995. "Multiple Regimes and Cross-Country Growth Behavior," Working papers 9419r, Wisconsin Madison - Social Systems.
- Galor, Oded, 1996.
"Convergence? Inferences from Theoretical Models,"
CEPR Discussion Papers
1350, C.E.P.R. Discussion Papers.
- Kocenda, Evzen & Kutan, Ali M. & Yigit, Taner M., 2006. "Pilgrims to the Eurozone: How far, how fast?," Economic Systems, Elsevier, vol. 30(4), pages 311-327, December.
- Toni Mora, 2005. "Evidencing European regional convergence clubs with optimal grouping criteria," Applied Economics Letters, Taylor and Francis Journals, vol. 12(15), pages 937-940.
- Manfred Fischer & Claudia Stirböck, 2006. "Pan-European regional income growth and club-convergence," The Annals of Regional Science, Springer, vol. 40(4), pages 693-721, December.
- Desdoigts, Alain, 1999. " Patterns of Economic Development and the Formation of Clubs," Journal of Economic Growth, Springer, vol. 4(3), pages 305-30, September.
- Michele Battisti & Gianfranco Vaio, 2008.
"A spatially filtered mixture of β-convergence regressions for EU regions, 1980–2002,"
Springer, vol. 34(1), pages 203-203, February.
- Michele Battisti & Gianfranco Di Vaio, 2008. "A spatially filtered mixture of β-convergence regressions for EU regions, 1980–2002," Empirical Economics, Springer, vol. 34(1), pages 105-121, February.
- Bernard, A.B. & Durlauf, S.N., 1994.
"Interpreting Tests of the Convergence Hypothesis,"
9401r, Wisconsin Madison - Social Systems.
- Evans, Paul & Karras, Georgios, 1996. "Convergence revisited," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 249-265, April.
- Nazrul Islam, 2003. "What have We Learnt from the Convergence Debate?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 309-362, 07.
- Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 1127-70, November.
- Kaitila, Ville, 2013. "Convergence, income distribution, and the economic crisis in Europe," ETLA Working Papers 14, The Research Institute of the Finnish Economy.
- Gächter, Martin & Riedl , Aleksandra & Ritzberger-Grünwald, Doris, 2013. "Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis," BOFIT Discussion Papers 3/2013, Bank of Finland, Institute for Economies in Transition.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.