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Does Bilateral Trade Lead To Income Convergence? Panel Evidence

Author

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  • Changkyu Choi

    () (Economics Department, Myongji University)

Abstract

Through panel-data regressions, we found that both per capita income level and growth turn out to converge when the trade intensity ratio increases between the countries. Geographical proximity and language similarities also turn out to be associated with convergence in both income level and growth.

Suggested Citation

  • Changkyu Choi, 2009. "Does Bilateral Trade Lead To Income Convergence? Panel Evidence," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 34(1), pages 71-79, June.
  • Handle: RePEc:jed:journl:v:34:y:2009:i:1:p:71-79
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    File URL: http://www.jed.or.kr/full-text/34-1/5.pdf
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    References listed on IDEAS

    as
    1. Changkyu Choi, 2004. "Foreign direct investment and income convergence," Applied Economics, Taylor & Francis Journals, vol. 36(10), pages 1045-1049.
    2. Frankel, Jeffrey & Stein, Ernesto & Wei, Shang-jin, 1995. "Trading blocs and the Americas: The natural, the unnatural, and the super-natural," Journal of Development Economics, Elsevier, vol. 47(1), pages 61-95, June.
    3. Carlino, Gerald A. & Mills, Leonard, 1996. "Testing neoclassical convergence in regional incomes and earnings," Regional Science and Urban Economics, Elsevier, vol. 26(6), pages 565-590, December.
    4. Farhad Rassekh, 1998. "The Convergence Hypothesis: History, Theory, and Evidence," Open Economies Review, Springer, vol. 9(1), pages 85-105, January.
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    Cited by:

    1. Sallahuddin Hassan & Musa Murtala, 2016. "The Role of Domestic Private Investment in Promoting Per Capita Income Convergence amongst Association of Southeast Asian Nations-5 Economies," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1299-1303.

    More about this item

    Keywords

    Trade; Convergence; Distance; Language;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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