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Measuring Economic Convergence
International Journal of Finance & Economics, 1997The sustainability of the ERM and the feasibility of EMU is dependent upon the economies of the EC achieving the appropriate degree of economic convergence. One of the difficulties in determining this is the absence of a broadly acceptable measure of economic convergence. In this paper we consider possible definitions of convergence for time series. To
Stephen G. Hall +3 more
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Economic convergence in the EU and Eurozone
Journal of Economic Studies, 2019Purpose The purpose of this paper is to analyse whether several groups of European countries are on track for real “conditional” economic convergence in per capita income and the likely speed of convergence. The paper focusses also on the changes of the convergence processes over time.
Marelli Enrico +2 more
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On the local convergence of economic mechanisms
Journal of Economic Theory, 1986For certain informationally decentralized economic models, it is known that the associated dynamical process need not be locally stable. In this paper, the causes of the conflict between the local stability of the process and the decentralizing of information are identified. This motivates a resolution for this problem.
Steven Williams, Donald G. Saari
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ECONOMIC CONVERGENCE VS. SOCIO-ECONOMIC CONVERGENCE IN SPACE [PDF]
, 2006 This paper aims to present a new analysis framework for assessing disparities among regions (or countries). It combines both economic and social variables, where the economic attributes refer in particular to marked differences in consumption variables. This analysis is also appealing for spatial convergence analyses over time.
CUFFARO, Miranda +2 more
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Economic growth and convergence in Germany
Weltwirtschaftliches Archiv, 1995The empirical analysis gives clear evidence of regional convergence in West Germany: poorer regions tend to grow faster than richer ones. In the period 1957–88, the speed of convergence was around 4 percent per year, implying a halving of the difference between actual and steady-state income every 16 years.
Herz, Bernhard, Röger, Werner
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Credibility of European economic convergence
Weltwirtschaftliches Archiv, 1998Credibility of European Economic Convergence. — The authors analyze economic convergence and its relation to European real interest rate differentials using a clustering method on seven macroeconomic key variables for 1979–1995. The results indicate that monetary convergence has progressed considerably but that there is hardly any real convergence in ...
Koedijk, Kees G. +2 more
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Globalization and Economic Convergence
Competition & Change, 1997Convergence among national economies is viewed by a growing number of observers as an inevitable result of increasing global integration of product and financial markets. Yet there is reason to doubt that globalization has yet brought about, or will in the future bring about, the degree of convergence assumed by some.
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Bayesian Learning, Shutdown and Convergence
SSRN Electronic Journal, 2010This article investigates a partial equilibrium production model with dynamic information aggregation. Firms apply Bayesian learning to estimate the unknown model parameter. In the baseline setting, where prices and quantities are supported by the real line and the noise term is Gaussian, convergence of the limited information to the full information ...
Leopold Sögner, Leopold Sögner
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Current History, 2014
Multitudes are escaping poverty in developing nations while rich economies stagnate.
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Multitudes are escaping poverty in developing nations while rich economies stagnate.
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