Reference : An empirical analysis of income convergence in the European Union
Scientific journals : Article
Business & economic sciences : Macroeconomics & monetary economics
http://hdl.handle.net/2268/96477
An empirical analysis of income convergence in the European Union
English
Cavenaile, Laurent mailto [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > UER Finance et Droit >]
Dubois, David [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Economie générale et gestion publique >]
2011
Applied Economics Letters
Routledge
18
17
1705-1708
Yes (verified by ORBi)
International
1350-4851
[en] Income convergence ; European Union ; Heterogeneity ; Panel approach
[en] 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.
Researchers
http://hdl.handle.net/2268/96477

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