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), pp. 343-370. (doi:10.1080/17421770903114711).

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Description/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.

Item Type: Article
Digital Object Identifier (DOI): doi:10.1080/17421770903114711
ISSNs: 1742-1772 (print)
Keywords: income inequality, convergence, spatial econometrics, Europe
Subjects:
Organisations: Economy, Society and Space
ePrint ID: 340919
Date :
Date Event
23 September 2009Published
Date Deposited: 06 Jul 2012 13:15
Last Modified: 17 Apr 2017 16:51
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/340919

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