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Convergência real e infra-estruturas

Author

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  • 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.

Suggested Citation

  • Carlos Pinho, 2007. "Convergência real e infra-estruturas," Working Papers de Economia (Economics Working Papers) 43, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
    • Handle: RePEc:ave:wpaper:432007
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    More about this item

    Keywords

    GDP growth; convergence; infrastructure;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies 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; Modern Monetary Theory

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