Income Convergence: A Case Study for the EURO: A special case for the first countries to join the European Monetary Union - Couverture souple

Zaidan, Henrique; Campelo, Ana Katarina

 
9786209409608: Income Convergence: A Case Study for the EURO: A special case for the first countries to join the European Monetary Union
Couverture souple
ISBN 10 : 6209409601 ISBN 13 : 9786209409608
Editeur : Our Knowledge Publishing, 2025

Synopsis

This paper examines the beta convergence hypothesis for the first 12 nations that joined the European Monetary Union. It seeks to determine whether monetary integration, through the inclusion of a dummy variable, reduced poverty in the countries involved. The period analysed is from 1971 to 2010, with data provided by the Penn World Table and the World Bank. In addition, inequality indicators are calculated, such as the Theil index, the coefficient of variation (sigma convergence) and the ratio of extremes between wealth and poverty, which will shape a European growth pattern. To test whether convergence exists, the methodology proposed by Barro (1991) is used, as well as the incorporation of the panel data model, combined with the fixed effect, carried out by Abitante (2007) and Bertussi (2009). The results found point to a situation of income divergence, that is, there is no conditional convergence, so the richest nations grow at higher rates than the poor, leading to the prolongation of inequalities.

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Éditeur
Our Knowledge Publishing
Date d'édition
2025
Langue
anglais
ISBN 10 
6209409601
ISBN 13 
9786209409608
Reliure
Broché
Nombre de pages
52
Coordonnées du fabricant
non disponible
Personne responsable
non disponible