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Convergência real e infra-estruturas

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Author Info
Carlos Pinho () (Universidade de Aveiro)
Abstract

Using panel data, this paper explores the role of infrastructure and human capital in the convergence of income levels and growth in the European Union, during the period 1960-2000. According to the neo-classical theory diminishing returns of capital result in poor economies growing faster than rich economies. The findings suggest that it is difficult to reject the hypothesis of non-convergence in per capita incomes of UE countries, but the results do not support the hypothesis that the speed of convergence is affected by infrastructures.

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Publisher Info
Paper provided by Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro in its series Working Papers de Economia (Economics Working Papers) with number 43.

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Length: 41 pages
Date of creation: Feb 2007
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Handle: RePEc:ave:wpaper:432007

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Related research
Keywords: GDP growth; convergence; infrastructure;

Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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