Growth and convergence in income per capita and income inequality in the regions of the EU
Growth and convergence in income per capita and income inequality in the regions of the EU
The neoclassical growth model predicts that there will be both a reduction of income per capita disparities over time and long-term convergence in income inequality levels. This paper examines whether this holds true for the EU using data from the European Community Household Panel for 102 regions over the period 1995-2000. The analysis is conducted using cross-sectional and panel data growth models with spatial interaction effects. The results reveal the presence of a conditional convergence in income per capita after controlling for educational attainment, unemployment, sectoral composition, spatially lagged growth of income per capita, and regional fixed effects, and that of an unconditional convergence in income inequality.
income inequality, convergence, spatial econometrics, Europe
343-370
Tselios, Vassilis
a1fc70a6-a193-4075-8e36-5b07b65ebd17
23 September 2009
Tselios, Vassilis
a1fc70a6-a193-4075-8e36-5b07b65ebd17
Tselios, Vassilis
(2009)
Growth and convergence in income per capita and income inequality in the regions of the EU.
Spatial Economic Analysis, 4 (3), .
(doi:10.1080/17421770903114711).
Abstract
The neoclassical growth model predicts that there will be both a reduction of income per capita disparities over time and long-term convergence in income inequality levels. This paper examines whether this holds true for the EU using data from the European Community Household Panel for 102 regions over the period 1995-2000. The analysis is conducted using cross-sectional and panel data growth models with spatial interaction effects. The results reveal the presence of a conditional convergence in income per capita after controlling for educational attainment, unemployment, sectoral composition, spatially lagged growth of income per capita, and regional fixed effects, and that of an unconditional convergence in income inequality.
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Published date: 23 September 2009
Keywords:
income inequality, convergence, spatial econometrics, Europe
Organisations:
Economy, Society and Space
Identifiers
Local EPrints ID: 340919
URI: http://eprints.soton.ac.uk/id/eprint/340919
ISSN: 1742-1772
PURE UUID: 5d877942-29f8-4ca9-90b7-16ff3f89567f
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Date deposited: 06 Jul 2012 13:15
Last modified: 14 Mar 2024 11:31
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Author:
Vassilis Tselios
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