Convergence of Income Inequality in OECD Countries Since 1870: A Multi-Method Approach with Structural Changes

Solarin, Sakiru Adebola; Erdoğan, Sinan; Pata, Uğur Korkut

doi:10.1007/s11205-023-03080-2

Cited by 15 publications

(3 citation statements)

References 57 publications

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“…This implies that a process of convergence was taking place, with poorer regions catching up with richer ones. The catch-up effect, often referred to as convergence in economic literature (Solarin et al 2023), is a phenomenon in which lower-income regions grow faster than higher-income regions, reducing income disparities over time. This effect is important in the context of regional economic development as it suggests that lagging regions have the potential to improve their economic status compared to more affluent areas.…”

Section: The Effects Of Esif Investments On Regional Economic Develop...mentioning

confidence: 99%

European Funding for Sustainable Transport Systems—Influencing Factor of Regional Economic Development in Romania

Bocaneala,

Manole,

Gherasim

et al. 2024

Economies

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Sustainable development is a core concept in regional development. Sustainability is characterized by supporting the building of resilient infrastructure and promoting the sustainable industry. In this context, sustainable transport is particularly important as it represents an opportunity for regional development. This research aims to quantify the impact of investments through structural instruments, specifically EU funds, on promoting a sustainable transport system and eliminating barriers from large-scale transport networks. This study focuses on the impact of these investments on regional economic development in Romania. The analysis used data from all eight development regions of the Romanian economy between 2014 and 2020. Panel data regression models, including the generalized difference method of moments (Dif-GMM) and the system GMM method (Sys GMM), were employed. This study confirms the idea that European structural and investment funds (ESIFs) play a positive role in promoting sustainable transport for regional economic development. Additionally, the quality of regional governance is identified as a key factor in economic development. This study, therefore, reveals a convergence effect between regions. Regions with a lower initial GDP per capita develop quicker compared to regions with a higher initial GDP per capita, indicating a “catch-up” effect. From a policy perspective, these issues can guide decision making and resource allocation.

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Section: The Effects Of Esif Investments On Regional Economic Develop...mentioning

confidence: 99%

European Funding for Sustainable Transport Systems—Influencing Factor of Regional Economic Development in Romania

Bocaneala,

Manole,

Gherasim

et al. 2024

Economies

View full text Add to dashboard Cite

show abstract

“…Secondary education, in particular, is noted for its importance in reducing inequality compared to primary schooling. Furthermore, regional economic policies and structural funds, especially in the European Union, play a significant role in promoting economic growth and reducing regional disparities through investments in underdeveloped areas and infrastructure development (Solarin et al 2023;Tselios 2009).…”

Section: Macro Level Factors Affecting Household Incomementioning

confidence: 99%

Which Economic Sectors Influence Average Household Income? A Spatial Econometric Study of Thailand’s 76 Provinces

Taecharungroj

2024

Economies

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This study investigates the impact of various economic sectors on household income in Thailand. It is conducted in light of the substantial “digital wallet” scheme initiated by the Thai government, with the goal of providing empirical evidence and suggesting alternative policies for regional development informed by sectoral and spatial insights. The research aims to deepen the understanding of how different economic sectors affect household income, filling a gap in the current understanding of the relationship between sectoral productivity and income. Utilising spatial lag models (SLM), the study analyses data spanning from 2005 to 2021, testing the effects of 19 economic sectors comprising the Gross Provincial Product (GPP) of Thailand’s 76 provinces on the average household income. The findings indicate direct associations between agriculture, real estate, professional services, support services, and leisure sectors and household income, alongside pronounced spatial autoregression. This implies that income levels in one province can substantially influence those in neighbouring provinces. This research extends the understanding of economic influences at the regional level and highlights the importance of considering spatial factors in economic policymaking.

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“…, дисперсия -квадрат среднего евклидовых расстояний объектов от y. Таким образом, уменьшение величины дифференциации во времени однозначно свидетельствует о конвергенции. (Bénabou, 1996;Solarin et al, 2023) и др., для тестирования конвергенции используется регрессия вида…”

Section: динамика уровней неравенства по доходам в российских регионахunclassified

Convergence Patterns of Regional Income Inequality Levels in Russia

Gluschenko

2023

Spatial Economics

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A recent paper found that during 1995–2012 the dispersion of income inequality between Russian regions was decreasing, i.e. convergence of regional inequalities took place. This result is of no use for analyzing the impact of socio-economic policy, as it may aim at reducing income inequality of the entire country’s population and regional populations, but in no way at equalizing inequalities between regions. Moreover, the found phenomenon itself can be either positive, if regional inequalities converge to low values, or negative, when they converge to high values. In order to clarify this issue, a more detailed study of the convergence process is needed. The aim of this study is to reveal the ‘anatomy’ of regional inequality convergence in 1995–2012, and the divergence that followed it in 2013–2022, i.e. the internal pattern of these processes. To this end, the paper explores the evolution of the regional Gini indices distribution, namely, that of main distribution statistics and the distribution itself (represented by a histogram). The results obtained suggest that convergence of regional income inequalities in Russia in 1995–2012 is almost exclusively due to ‘catching-up’ of low-inequality regions with high-inequality regions. Therefore, this process cannot be considered positive. Divergence of regional inequalities in 2013–2022, on the contrary, was accompanied by a decrease in income inequalities in the regions, improving the situation with spatial inequality in Russia

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Convergence of Income Inequality in OECD Countries Since 1870: A Multi-Method Approach with Structural Changes

Cited by 15 publications

References 57 publications

European Funding for Sustainable Transport Systems—Influencing Factor of Regional Economic Development in Romania

European Funding for Sustainable Transport Systems—Influencing Factor of Regional Economic Development in Romania

Which Economic Sectors Influence Average Household Income? A Spatial Econometric Study of Thailand’s 76 Provinces

Convergence Patterns of Regional Income Inequality Levels in Russia

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