Stochastic convergence in real personal disposable income in the EU: A note
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadata
Title
Stochastic convergence in real personal disposable income in the EU: A noteDate
2020-08-10Publisher
John Wiley and Sons; WileyISSN
1076-9307Bibliographic citation
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.Type
info:eu-repo/semantics/articlePublisher version
https://onlinelibrary.wiley.com/doi/abs/10.1002/ijfe.2125Version
info:eu-repo/semantics/acceptedVersionSubject
Abstract
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. [-]
Investigation project
PROMETEO/2018/102 ; MINEIC‐AEI‐FEDER ECO2017‐83255‐C3‐3‐P ; UJI‐B2017‐33Rights
© 2020 John Wiley & Sons, Ltd.
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info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- IEI_Articles [116]
- ECO_Articles [696]