Transnational Income Convergence and National Income Disparity : Europe, 1960~2012

Kaitila, Ville

doi:10.11130/jei.2014.29.2.343

Cited by 19 publications

(17 citation statements)

References 12 publications

(11 reference statements)

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“…6 Only in 1999 and 2009 did there appear to be a slight increase in the overall declining path. These results are consistent with the findings of Kaitila (2014). It can be concluded that the β-convergence rate found in the previous section did, in fact, lead to σ -convergence across the EU member states.…”

Section: Testing For σ -Convergencesupporting

confidence: 83%

European Integration and the Effects of Country Size on Growth

König¹

2015

JEI

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Does the size of a country affect its economic growth rate? Theory suggests that the existence of a national scale effect is favouring large countries and that small countries may overcome the impediments of smallness once their markets become internationally more integrated. So far, empirical evidence of a distinct impact of country size on economic growth is rather limited. The present study sheds light on this impact from a European perspective. Country size indeed correlates with economic growth and European economic integration enhances the convergence process of the countries. It is further shown that the impact of size varies according to a country's individual level of economic integration, suggesting that the long-term economic growth path is characterized by multiple transition points. This finding is particularly important given the prevailing imperfections of the European Union Single Market and the increasing number of small European Union member states. JEL Classifications: C23, F15, F43, O52

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Section: Testing For σ -Convergencesupporting

confidence: 83%

European Integration and the Effects of Country Size on Growth

König¹

2015

JEI

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“…In this work, on the basis of a panel of 33 countries covering the period from 1993 to 2012, a strong tendency for catching-up in the analysed group was confirmed. Additionally, many recent studies indicate a change in the convergence pace after the last crisis; see Kaitila (2014), Halmai and Vásáry (2012), Marelli and Signorelli (2015), Greta and Lewandowski (2015).…”

Section: Introductionmentioning

confidence: 99%

The heterogeneity of convergence in transition countries

Pipień

Roszkowska

2018

Post-Communist Economies

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ABSTRACT:For two groups of post-communist countries (CEE and CIS) we estimated the parameters of convergence equations on the basis of annual data. We depart from standard econometric theory, which involves panel regression techniques. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE). We show empirical evidence in favour of the variability of parameters describing the convergence effect and productivity growth rates across countries. Our approach seems a convincing alternative to the panel regression approach where random effects can be estimated, imposing an assumption about the constancy of structural parameters within the group of countries under analysis.We discuss the role of the global financial crisis in the heterogeneity of convergence processes and productivity at the country level. The aforementioned SURE model was estimated based on two datasets, one containing observations prior to the crisis and the second containing the whole sample.

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“…Sigma convergence can show convergence even if one country is for some reason left behind. The minimum value does not overlook this possibility (Kaitila 2013).…”

Section: Methodology and Datamentioning

confidence: 99%

The effects of the crisis on the convergence process of the Western Balkan countries towards the European Union

Siljak¹,

Nagy

2018

Soc Ec

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The aim of the paper is to analyze economic convergence of the Western Balkan countries towards the European Union member states with two types of measurement methodology, sigma and beta convergence. Sigma convergence measures the dispersion of real per capita GDP among the countries and beta convergence is based on the neoclassical growth theory. The main hypothesis of the paper is that the recent fi nancial crisis has negatively affected the convergence process of the Western Balkan countries towards the twenty-eight member states of the European Union (EU-28). The relationship between selected macroeconomic variables and the rate of per capita GDP growth are econometrically tested. Sigma and beta convergence are estimated for the period 2004-2013 and two sub-periods: 2004-2008 and 2009-2013. The empirical fi ndings support the hypothesis of economic convergence. The negative effects of the crisis on per capita GDP growth are confi rmed, resulting in a slower convergence process. Dissimilarities between the growth patterns of the analyzed groups show the considerable heterogeneity of growth, i.e. the convergence clubs.

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Transnational Income Convergence and National Income Disparity : Europe, 1960~2012

Cited by 19 publications

References 12 publications

European Integration and the Effects of Country Size on Growth

European Integration and the Effects of Country Size on Growth

The heterogeneity of convergence in transition countries

The effects of the crisis on the convergence process of the Western Balkan countries towards the European Union

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