The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.
Estimates of Time to Economic Convergence: An Analysis of Regions of the European Union
Abstract
According to the simplest neoclassical theory, closer integration will ultimately eliminate the current differences in per capita incomes between European Union (EU) regions. Models based on the Keynesian tradition and endogenous growth theory suggest different outcomes. This article looks at the evidence for convergence along neoclassical lines and also from a point of view that accepts the critique of neoclassical theory. Estimates are made of the time it will take for two different forms of equilibrium to be realized. From a neoclassical perspective, there is only weak evidence that EU regions are converging in terms of their output per capita, requiring more than two centuries for approximate convergence to be achieved. From a non-neoclassical perspective, stochastic equilibrium will require more than three centuries, although the hypothesis that the regions have already achieved stochastic equilibrium cannot be dismissed.
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Cites
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Cited by
Dall'erba, S., & Le Gallo, J. (2008) · Papers in Regional Science · doi:10.1111/j.1435-5957.2008.00184.x · Cited by 477
Spatial Empirics for Economic Growth and Convergence
Rey, S. J. (2001) · Geographical Analysis · doi:10.1111/j.1538-4632.2001.tb00444.x · Cited by 438
Regional convergence, inequality, and space
Rey, S. J., & Janikas, M. V. (2005) · Journal of Economic Geography · doi:10.1093/jnlecg/lbh044 · Cited by 332
Regional Convergence in the European Union, 1985- 1999: A Spatial Dynamic Panel Analysis
Badinger, H., Müller, W., & Tondl, G. (2004) · Regional Studies · doi:10.1080/003434042000211105 · Cited by 269
Metadata
- Authors
- Fingleton, B.
- Venue
- International Regional Science Review
- Publisher
- SAGE Publications
- Published
- 1999-04
- Volume
- 22
- Issue
- 1
- Pages
- 5-34
- ISSN
- 0160-0176 (ISSN-L)
- 1552-6925
- OpenAlex
- W2036180133
- Cited by
- 260
- References
- 45
- FWCI
- 16.56
- Type
- journal article
- Language
- en
- Open access
- closed
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