Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5055181 | Economic Modelling | 2012 | 10 Pages |
Abstract
⺠We endogenously identify convergence clubs in per capita incomes of European regions. ⺠We detect six separate groups converging to their own steady state paths. ⺠Then we test whether the identified clusters are due to similar initial conditions. ⺠Indeed initial levels of human capital and per capita income led to club formation. ⺠Thus, the observed clubs are partly explained by the club convergence hypothesis.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Monika Bartkowska, Aleksandra Riedl,