An empirical analysis of income convergence in the European Union

被引：40

作者：

Cavenaile, Laurent ^{[1
]}

Dubois, David ^{[2
]}

机构：

[1] Univ Liege, HEC Management Sch, Dept Finance, B-4000 Liege, Belgium

[2] Univ Liege, HEC Management Sch, Dept Econ, B-4000 Liege, Belgium

来源：

APPLIED ECONOMICS LETTERS | 2011年 / 18卷 / 17期

关键词：

income convergence; European Union; heterogeneity; panel approach; GROWTH; TESTS;

D O I：

10.1080/13504851.2011.560104

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, we investigate the convergence process within the European Union. More particularly, we study the convergence process of the new entrants from Central and Eastern Europe and of the 15 Western countries between 1990 and 2007. Applying a panel approach to the convergence equation derived from the Solow model, we show that new entrants and former members of the European Union can be seen as belonging to different groups of convergence. The existence of heterogeneity in the European Union or the Eurozone might affect their stability as the recent Greece's sovereign debt crisis illustrates it.

引用

页码：1705 / 1708

页数：4

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