Growth and convergence in income per capita and income inequality in the regions of the EU
Tselios, Vassilis (2009) Growth and convergence in income per capita and income inequality in the regions of the EU. Spatial Economic Analysis, 4, (3), 343-370. (doi:10.1080/17421770903114711).
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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.
|Keywords:||income inequality, convergence, spatial econometrics, Europe|
|Subjects:||H Social Sciences > HC Economic History and Conditions
H Social Sciences > HN Social history and conditions. Social problems. Social reform
|Divisions:||Faculty of Social and Human Sciences > Geography and Environment > Economy, Society & Space
|Date Deposited:||06 Jul 2012 13:15|
|Last Modified:||06 Jul 2012 13:15|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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