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The GDP's of Three Regions in Western Europe, 1950-1990

Henri Theil and Sri Devi Deepak

Journal of Agricultural and Applied Economics, 2003, vol. 35, issue Supplement, 4

Abstract: We use international comparison data of Summers and Heston to trace the development of three regions in Western Europe: the countries currently outside the European Union (EEC), the EEC Center, and the EEC Periphery (Greece, Ireland, Portugal, and Spain). For each year during the period 1950-1990, the per capita gross domestic products of these regions decrease in this order, but the development over time shows a rapid increase of all three regions as well as a mutual convergence, the inequality of the regions and their constituent countries declining substantially.

Date: 2003
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DOI: 10.22004/ag.econ.43297

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