Stochastic convergence in real personal disposable income in the EU: A note
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Títol
Stochastic convergence in real personal disposable income in the EU: A noteData de publicació
2020-08-10Editor
John Wiley and Sons; WileyISSN
1076-9307Cita bibliogràfica
CUESTAS, Juan C.; MONFORT, Mercedes; ORDÓÑEZ, Javier. Stochastic convergence in real personal disposable income in the EU: A note. International Journal of Finance & Economics, 2020.Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://onlinelibrary.wiley.com/doi/abs/10.1002/ijfe.2125Versió
info:eu-repo/semantics/acceptedVersionParaules clau / Matèries
Resum
Economic convergence has long been a declared objective of the EU and has been considered the fundamental mechanism for achieving socioeconomic cohesion. Even so, the empirical literature finds a lack of real convergence ... [+]
Economic convergence has long been a declared objective of the EU and has been considered the fundamental mechanism for achieving socioeconomic cohesion. Even so, the empirical literature finds a lack of real convergence as geographical clusters have emerged. In this paper, we contribute to the literature on income convergence in the EU by analysing convergence in real disposable income across European countries. In contrast to the previous results on real convergence in the EU, we find that most of the countries are converging to the same equilibrium level. [-]
Proyecto de investigación
PROMETEO/2018/102 ; MINEIC‐AEI‐FEDER ECO2017‐83255‐C3‐3‐P ; UJI‐B2017‐33Drets d'accés
© 2020 John Wiley & Sons, Ltd.
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