Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions
AbstractThis paper analyses to what extent the Spanish regions have undergone a process of convergence since 1980. The application of unit root techniques to the data of the Human Development Index allow us to show that the evolution of the Spanish economy can be understood as a sum of divergent forces, while the per capita GDP offers much more evidence in favour of convergence. These insights encourage the use of different economic measures when studying stochastic convergence.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47633.
Date of creation: 2013
Date of revision:
Unit Roots; Structural Breaks; Stochastic Convergence; HDI;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
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