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Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions

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  • Montañés, Antonio
  • Olmos, Lorena

Abstract

This 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.

Suggested Citation

  • Montañés, Antonio & Olmos, Lorena, 2013. "Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions," MPRA Paper 47633, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:47633
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    References listed on IDEAS

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    1. repec:eee:ecmode:v:68:y:2018:i:c:p:360-371 is not listed on IDEAS
    2. Montañés, Antonio & Olmos, Lorena & Reyes, Marcelo, 2016. "Does crisis affect convergence process? The case of the Spanish provinces," MPRA Paper 69543, University Library of Munich, Germany.

    More about this item

    Keywords

    Unit Roots; Structural Breaks; Stochastic Convergence; HDI;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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