EconPapers    
Economics at your fingertips  
 

Old Wine in a New Bottle: Growth Convergence Dynamics in the EU

Nicholas Apergis (napergis@unipi.gr), Ekaterini Panopoulou and Chris Tsoumas (ctsoum@eap.gr)

Atlantic Economic Journal, 2010, vol. 38, issue 2, 169-181

Abstract: In this paper, we explore convergence of real per capita output across the European Union (EU) countries, as well as the transitional behavior of possible underlying factors that are responsible for any convergence or divergence pattern. The new panel convergence methodology developed by Phillips and Sul ( 2007 ) is employed in a production function growth accounting approach and data from the Total Economy Database and the Total Economy Growth Accounting Database. The empirical findings suggest that the EU countries form two distinct convergent clubs, exhibiting considerable heterogeneity in the underlying growth factors. These findings should help policy makers in designing appropriate growth-oriented programs as well as in setting priorities in their implementation. Copyright International Atlantic Economic Society 2010

Keywords: Growth convergence; Growth factors; Transition paths; EU countries; Logt test; O40; O47; C32; C33 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11293-010-9219-1 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:38:y:2010:i:2:p:169-181

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11293/PS2

DOI: 10.1007/s11293-010-9219-1

Access Statistics for this article

Atlantic Economic Journal is currently edited by Kathleen S. Virgo

More articles in Atlantic Economic Journal from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).

 
Page updated 2025-01-07
Handle: RePEc:kap:atlecj:v:38:y:2010:i:2:p:169-181