Reference : An empirical analysis of income convergence in the European Union

	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Macroeconomics & monetary economics
	To cite this reference:	http://hdl.handle.net/2268/96477

Title :	An empirical analysis of income convergence in the European Union
Language :	English
Author, co-author :	Cavenaile, Laurent [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 >]
Publication date :	2011
Journal title :	Applied Economics Letters
Publisher :	Routledge
Volume :	18
Issue/season :	17
Pages :	1705-1708
Audience :	International
ISSN :	1350-4851
Keywords :	[en] Income convergence ; European Union ; Heterogeneity ; Panel approach
Abstract :	[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.
Target :	Researchers
Permalink :	http://hdl.handle.net/2268/96477

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