Real convergence in Europe. How robust are econometric inferences?
AbstractThe paper examines the convergence properties of productivity in fifteen European countries over the period 1960-1997. European productivity is estimated using modified translog production systems with a completely general intertemporal structure. To capture the notion that trade may have an influence on aggregate convergence, imports are included in the production function. Stationarity tests are used to test for convergence around a common long-run trend, including unit root tests, the KPSS and Bayesian tests, as well as testing based on fractional differencing parameter estimation for long memory models. It is found that convergence inferences are sensitive to the type of test employed.
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.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 32 (2000)
Issue (Month): 11 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- repec:ebl:ecbull:v:6:y:2005:i:13:p:1-20 is not listed on IDEAS
- Massimiliano Affinito, 2011. "Convergence clubs, the euro-area rank and the relationship between banking and real convergence," Temi di discussione (Economic working papers) 809, Bank of Italy, Economic Research and International Relations Area.
- Nicholas Apergis & Puja Padhi, 2013. "Health expenses and economic growth: convergence dynamics across the Indian States," International Journal of Health Care Finance and Economics, Springer, vol. 13(3), pages 261-277, December.
- Sergio J. Rey & Boris Dev, 2004. "Sigma-convergence in the presence of spatial effects," Urban/Regional 0404008, EconWPA, revised 22 Apr 2004.
- Evan Lau & Koon Po Lee, 2008.
"Interdependence of income between China and ASEAN-5 countries,"
Journal of Chinese Economic and Foreign Trade Studies,
Emerald Group Publishing, vol. 1(2), pages 148-161, December.
- Lau, Evan & Lee, Koon Po, 2007. "Interdependence of Income between China and ASEAN-5 Countries," MPRA Paper 2231, University Library of Munich, Germany.
- Kian-Ping Lim & M. Azali & Hock-Ann Lee, 2005. "Income Disparity between Japan and ASEAN-5 Economies: Converge, Catching Up or Diverge?," Economics Bulletin, AccessEcon, vol. 6(13), pages 1-20.
- Tsionas, Efthymios G., 2001. "P-STAR analysis in a converging economy: the case of Greece," Economic Modelling, Elsevier, vol. 18(1), pages 49-60, January.
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.