Elasticities of ergodic solutions in the Markov chains approach to economic growth convergence*

Toni Mora

Papers in Regional Science, 2005, vol. 84, issue 1, 121-126

Abstract: Abstract. Elasticities are estimated for long‐run solutions of Markov chains of income distribution for the European regions. The results indicate that there will be no major changes in these long‐run solutions for lower income states in the Markov chain and that effects on higher income states will be only moderate.

Date: 2005
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Citations: View citations in EconPapers (3)

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https://doi.org/10.1111/j.1435-5957.2005.00007.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:84:y:2005:i:1:p:121-126

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