Income Dispersion and Sigma Convergence in South-South-Agreement Areas

Sperlich, Yvonne; Sperlich, Stefan

doi:10.2139/ssrn.2001542

Cited by 5 publications

(3 citation statements)

References 22 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The transport sector seems to react faster under the influence of tourism growth, followed by the accommodation sector. The beneficial pressure exerted by the increase in tourism revenue will result in a faster rate of convergence, a conclusion reinforced by the literature already mentioned (Borodako & Rudnicki, 2014;Iancu, 2009;Longhi & Musolesi, 2007;Merler, 2016;Petrakos & Artelaris, 2009;Sperlich & Sperlich, 2012). Hypothesis H 3 is thus validated, that is, tourism revenues are a convergence factor for the EU-28.…”

Section: Discussion Testing Hypotheses and Interpreting Resultsmentioning

confidence: 57%

The relationship between tourism and economic growth in the EU-28. Is there a tendency towards convergence?

Haller

Butnaru

Hârșan

et al. 2020

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

Tourism significantly increased in the EU-28 in recent years. In the present study, the 28 member states were analysed for the period between 2012 and 2018, depending on data availability. The authors tested empirically whether economic convergence took place from the perspective of three types of revenue from the tourism sector. The contribution of tourism revenue to economic growth varied across different countries. The analysis of b and r-convergence showed a low-intensity and slow process based on the revenues generated by accommodation, transport, and restaurant and coffee shop services. Contrary to expectations, the factors analysed did not strongly support the EU-28 tourism sector convergence. We argue the existence of a positive and direct relationship between tourism and economic growth. The convergence did exist but its pace was sometimes slow and of low intensity, preceded by periods of divergence. The three types of services generated tourism revenue but not decisively. The paper complements the literature using indicators that strictly describe the tourism sector and brings into focus findings that contradict those from other studies. Our conclusion is that convergence was not accelerated, but slow and it was not determined by tourism factors but by related ones.

show abstract

Section: Discussion Testing Hypotheses and Interpreting Resultsmentioning

confidence: 57%

The relationship between tourism and economic growth in the EU-28. Is there a tendency towards convergence?

Haller

Butnaru

Hârșan

et al. 2020

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

show abstract

“…The agreements South-South, such as ASEAN, MERCOSUR, Central and West Africa, and the process of their integration were analyzed using the methods of σ and β convergence starting from the income dynamics, leading to the conclusion that the disparities among incomes are not reduced, though there were elements of σ convergence in relation with β convergence [44].…”

Section: Conceptual Approaches and Empirical Results Of β And σ Convementioning

confidence: 99%

Perspective of Sustainable Rural Tourism in the United Kingdom of Great Britain and Northern Ireland (UK): Comparative Study of β and σ Convergence in the Economic Development Regions

Butnaru

Haller

2017

Sustainability

View full text Add to dashboard Cite

Abstract:Tourism is an activity which globally develops proportionally with the evolution of progress. The opportunities we enjoy are bigger than ever, but their price should be lowered in order for the global society to develop its wealth. This can be performed by sustainability, a concept which will join in the future all economic activities, not only tourism. Our analysis is focused on the specific case of the UK, one of the main tourist destinations in the world. It is well known that cultural tourism is the form attracting the highest number of foreign visitors. However, we can see the importance given to rural tourism. The main methods used to perform the present analysis are β and σ convergence. They proved their efficiency in other research studies, which led to a high degree of accuracy of the results. β and σ convergence analysis is performed on a sample of 12 Economic Development Regions from the UK, among which we will determine the degree of convergence and divergence of sustainable rural tourism.

show abstract

“…Asian Financial Crisis took place from 1997 to 1999 Source: Authors' elaboration based on Alavi and Ramadan (2008), Bliozkovsky, Chowdhary et al (2011), Chowdhury (2005), Ismail (2008),Jayanthakumaran and Verma (2008),Jayanthakumaran and Lee (2013),Michelis and Neaime (2004),Sperlich and Sperlich (2012),Wang (2012) …”

mentioning

confidence: 99%

Convergence or divergence of prosperity within the ASEAN community? A crucial issue for the success of the ASEAN economic community (AEC) process

Gugler

Vanoli

2017

Int Journal of Emerging Mkts

View full text Add to dashboard Cite

Purpose -The purpose of this paper is to scrutinize the economic development of ASEAN countries during the period 2000-2014 (after the crisis) with the aim of detecting the convergence and divergence of trends over this period and of providing a framework that could be used for subsequent studies in the future. Design/methodology/approach -Based on the models developed by Solow (1956) and Barro and Sala-i-Martin (1991), the authors estimate absolute and conditional β-convergence through OLS, pooled OLS and pooled OLS with time period effect. The absolute β-convergence can be modelled by the relationship between the log of the compound annual growth rate of GDP per capita (GDPC) (or per worker) and the initial level of GDPC (or per worker). The conditional β-convergence is modelled by the same relationship, supplemented by other factors potentially affecting the growth. Findings -The findings indicate an average annual rate of σ-convergence per annum of approximately 1 per cent, and of 0.4-0.6 per cent for β-convergence, over the period 2000-2014. Compared to other macro-regions (e.g. the European Union), these rates of convergence among ASEAN countries are relatively low. Social implications -The ASEAN roadmap should address two interlinked challenges: the first one is to achieve coordination of the macroeconomic, institutional, legal and social policies within the area. The second one is to address the specific microeconomic drivers of each member state to achieve increased sustainable development. Originality/value -This paper identifies the contradictory results found in previous studies on ASEAN convergence and attempts to clearly determine the optimal sample, sample time period and estimation approaches to obtain sound results regarding convergence processes.

show abstract

Income Dispersion and Sigma Convergence in South-South-Agreement Areas

Cited by 5 publications

References 22 publications

The relationship between tourism and economic growth in the EU-28. Is there a tendency towards convergence?

The relationship between tourism and economic growth in the EU-28. Is there a tendency towards convergence?

Perspective of Sustainable Rural Tourism in the United Kingdom of Great Britain and Northern Ireland (UK): Comparative Study of β and σ Convergence in the Economic Development Regions

Convergence or divergence of prosperity within the ASEAN community? A crucial issue for the success of the ASEAN economic community (AEC) process

Contact Info

Product

Resources

About