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Spatial Analysis of Economic Convergence
2009This chapter reviews some of the major econometric models, approaches and issues related to the spatial dimensions of economic convergence and inequality. Key themes concern the implications of spatial dependence (autocorrelation) and heterogeneity for the specification, estimation, and interpretation of convergence models on the one hand and, on the ...
Sergio J. Rey, Julie Le Gallo
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Discounting, inequality and economic convergence
Journal of Environmental Economics and Management, 2015The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate when international credit and risk-sharing markets are inefficient. We consider an economy in which initial consumption levels and growth expectations are heterogeneous.
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Globalisation, Economic Policy and Convergence
The World Economy, 2000A NUMBER of recent contributions to the growth literature have emphasised the positive role played by the forces of globalisation in enabling poor countries to converge on the living standards of rich ones. These include Sachs and Warner (1995), Aziz and Wescott (1997), IMF (1997), World Bank (1997), Dollar and Burnside (1997), Edwards (1998) and ...
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Economic crisis slows European convergence
2018Up until the economic and financial crisis, economic conditions in the European regions had been converging. This process has come to a complete standstill in recent years due to lower growth in Eastern Europe and stagnation in Southern Europe.
Diermeier, Matthias +2 more
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Economic Convergence: An Aspiration Unfulfilled
1994Every known economy has had significant differences between its „core“ and its „periphery“.
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THE PROBLEM OF ECONOMIC CONVERGENCE [PDF]
Revista economica, 2012 Real convergence represents an essential objective for Romania`s integration into the EU. The filling of the gap between Romania and the EU at a quick pace is not possible only through market forces, that might cause divergence and polarisation. For this purpose special tools, like cohesion, are required.
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