Convergence Clubs and Endogenous Growth

Chatterji, Monojit

doi:10.1093/oxrep/8.4.57

Cited by 166 publications

(101 citation statements)

References 12 publications

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“…Club-convergence, as defined for example by Monojit (1992), means that countries sharing certain characteristics converge towards each other. The shared characteristics are economic variables like saving rates or education standards.…”

Section: Y T Y T Y T S Y T Smentioning

confidence: 99%

Evidence for Economic Convergence in the Eu: The Analysis of Past Eu Enlargements

Strielkowski

Höschle

2015

Technological and Economic Development of Economy

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Abstract. This paper discusses the evidence of economic convergence in the European Union during the past several decades and consecutive EU enlargements. We cluster different member states of the European Union by groups representing countries that joined the EU together and analyze whether these clusters converge against each other. In addition, we analyse whether there is a convergence within different groups of countries. We employ real GDP per capita in its seasonally adjusted version as the measure of convergence. Our results reveal that there is not much evidence about the existence of economic convergence within the European Union.

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Section: Y T Y T Y T S Y T Smentioning

confidence: 99%

Evidence for Economic Convergence in the Eu: The Analysis of Past Eu Enlargements

Strielkowski

Höschle

2015

Technological and Economic Development of Economy

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“…In particular, there is some evidence that indicates convergence among countries at similar levels of economic development. Ben David (1998) and Chatterji (1992), among others, find empirical evidence of convergence among the worlds richest and poor countries. Galor (1996) and Quah (1997) provide theoretical justifications for the possibility that convergence will occur among subsets as opposed to broad samples of countries.…”

Section: Introductionmentioning

confidence: 96%

Recent Trends in Western European Income Convergence

Park¹

2002

JEI

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In the postwar era, economic interaction and integration among Western European countries has grown rapidly. We examine whether those close and growing linkages have led to inter-country income convergence in Western Europe during 1960-2000. We find clear empirical evidence of convergence. This provides strong support for the notion that Western Europe constitutes a convergence club.• JEL Classification: D31, F15, F43•

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“…Together with σ -convergence, 3 these concepts have been criticized for several econometric problems they bring about, like Galton's fallacy problem, and their inadequacy to explain economic polarization, persistent poverty and clustering (Quah, 1993). In contrast, the concepts of convergence clubs (Durlauf and Johnson, 1995;Chatterji, 1992;Quah, 1996) and coreperiphery (Krugman, 1991a(Krugman, , 1991bFujita et al, 1999) are compatible with the existence of multiple, locally stable steady state equilibria that are more relevant in the European regional case.…”

Section: Introductionmentioning

confidence: 99%

Distribution of regional income and regional funds in Europe 1989–1999: An exploratory spatial data analysis

Dall’erba

2005

Ann Reg Sci

129

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Abstract:The efforts of the European Commission to reduce regional inequalities over its territory continues to attract the attention of researchers. The purpose of this paper is to perform an exploratory investigation of the relationship between the spatial distribution of regional income and of regional development funds among 145 European regions over 1989-1999. Using a set of tools of spatial statistics, we first detect the presence of global and local spatial autocorrelation in the distribution of regional per capita incomes, traducing that rich (poor) regions tend to be clustered close to other rich (poor) regions, and in the distribution of regional growth rate and regional funds. Second, the results of LISA statistics conclude to the presence of spatial heterogeneity in the form of two spatial clusters of rich and poor regions over the decade, highlighting the persistence of a significant core-periphery pattern among European regions. Finally, an exploratory analysis reveals a negative correlation between growth and initial income, that tends to indicate β -convergence. A positive relationship between regional growth and structural funds is identified among the significant results as well. Only Andalucia, Galicia and Sterea Ellada show atypical linkages. These results suggest that further research should include spatial effects and the distribution of regional funds in the spatial econometric estimation of regional convergence in Europe.

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Convergence Clubs and Endogenous Growth

Cited by 166 publications

References 12 publications

Evidence for Economic Convergence in the Eu: The Analysis of Past Eu Enlargements

Evidence for Economic Convergence in the Eu: The Analysis of Past Eu Enlargements

Recent Trends in Western European Income Convergence

Distribution of regional income and regional funds in Europe 1989–1999: An exploratory spatial data analysis

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