An Integrative Approach to Measuring Economic Convergence: The Case of the European Union

Bunyaratavej Kraiwinee () and Hahn Eugene D. ()
Additional contact information
Bunyaratavej Kraiwinee: Department of Business/Health Administration and Economics, Arcadia University
Hahn Eugene D.: Department of Information & Decision Sciences, Salisbury University

Global Economy Journal, 2005, vol. 5, issue 2, 25

Abstract: Empirical convergence analyses have helped provide insight as to whether economies are converging. Previous works on convergence have tended to focus on a particular economic indicator exclusively, even though the convergence process has multiple components. Improved estimates of convergence are likely to result from an integrated approach wherein several indicators are considered simultaneously. The proposed model integrates convergence analyses for three convergence variables to estimate the overall rate of economic convergence in the EU during 1960 to 1990. The research indicates that convergence is occurring overall, but that employment convergence is happening at a considerably slower pace than are the other types of convergence.

Keywords: Economic Convergence; EU; Productivity; Employment; MCMC (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.2202/1524-5861.1065 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:bpj:glecon:v:5:y:2005:i:2:n:8

Ordering information: This journal article can be ordered from
https://www.degruyte ... journal/key/gej/html

DOI: 10.2202/1524-5861.1065

Access Statistics for this article

Global Economy Journal is currently edited by Jannett Highfill

More articles in Global Economy Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().