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¿Hubo convergencia económica entre los países europeos antes de la I Guerra Mundial?

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  • Tirado Fabregat, Daniel A.
  • Novell, Jordi Pons

Abstract

This article offers a survey of the theoretical and empirical literature on economic convergence. It also carries out a first attempt to characterize the evolution of relative per capita GDP levels across European countries before IWW (1870–1913). Cross section analysis confirms the inexistence of β-convergence but the acomplishment of β-convergence hipothesis in a model that allows the consideration of different steady-states across countries. Time series analysis confirms that, during the period 1870–1913, only countries with medium per capita GDP levels converged on those having the highest income levels in 1870.

Suggested Citation

  • Tirado Fabregat, Daniel A. & Novell, Jordi Pons, 2001. "¿Hubo convergencia económica entre los países europeos antes de la I Guerra Mundial?," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 19(1), pages 123-152, March.
  • Handle: RePEc:cup:reveco:v:19:y:2001:i:01:p:123-152_00
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