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Persistence in inequalities across the Spanish regions

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  • Jesús Rodríguez López

    ()
    (Department of Economics, Universidad Pablo de Olavide)

  • Diego Martínez López

    ()
    (Centro de Estudios Andaluces y Department of Economics, Universidad Pablo de Olavide)

  • Diego Romero de Ávila Torrijos

    ()
    (Department of Economics, Universidad Pablo de Olavide)

Abstract

This paper investigates several issues concerning persistence in inequalities of relative income per capita among the Spanish regions over 1980-2002. For that purpose we take a Bayesian approach which extends the work by Canova and Marcet (1995). Firstly, we study to what extent there exists a fixed effect bias in the standard cross-section estimates, and we find that the speed of convergence is indeed underestimated. Secondly, we provide a battery of results in which steady states and convergence rates have been obtained for a continuum of prior distributions. Finally, we also deal with persistence in inequalites by determining whether initial conditions matter in the distribution of regional steady states, and our conclusion is that regional disparities tend to persist over time in Spain.

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File URL: http://www.upo.es/serv/bib/wps/econ0607.pdf
File Function: First version, 2006
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Bibliographic Info

Paper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number 06.07.

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Length: 22 pages
Date of creation: Mar 2006
Date of revision:
Handle: RePEc:pab:wpaper:06.07

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Keywords: Convergence; Inequalities; Bayesian Econometrics; Gibbs sampling.;

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  1. Canova, Fabio, 2001. "Testing for convergence clubs in income per-capita : a predictive density approach," HWWA Discussion Papers, Hamburg Institute of International Economics (HWWA) 139, Hamburg Institute of International Economics (HWWA).
  2. Barro, R. & Mankiw, G., 1992. "Capital Mobility in Neoclassical Models of Growth," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research 1615, Harvard - Institute of Economic Research.
  3. Sala-i-Martin, Xavier, 1994. "Regional Cohesion: Evidence and Theories of Regional Growth and Convergence," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1075, C.E.P.R. Discussion Papers.
  4. Kevin Lee & M. Hashem Pesaran & Ron Smith, 1996. "Growth and Convergence in a Multi-Country Empirical Stochastic Solow Model," Working Papers, Economic Research Forum 9637, Economic Research Forum, revised Dec 1996.
  5. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  6. Etsuro Shioji, 2004. "Initial Values and Income Convergence: Do "The Poor Stay Poor"?," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 444-446, February.
  7. Angel de la Fuente, 2002. "Convergence across countries and regions: theory and empirics," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 555.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  8. G. S. Maddala & S. Wu, 2000. "Cross-country growth regressions: problems of heterogeneity, stability and interpretation," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 32(5), pages 635-642.
  9. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 110(4), pages 1127-70, November.
  10. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. " Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, Springer, vol. 1(3), pages 363-89, September.
  11. Canova, Fabio & Marcet, Albert, 1995. "The Poor Stay Poor: Non-Convergence Across Countries and Regions," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1265, C.E.P.R. Discussion Papers.
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Cited by:
  1. Diego Martínez López & Jesús Rodríguez López, 2006. "The role of new technologies in the economic growth of Andalucia," Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces E2006/19, Centro de Estudios Andaluces.

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