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Income Convergence: A Case Study for the EURO

By Henrique Zaidan

Income Convergence: A Case Study for the EURO Law

Income Convergence: A Case Study for the EURO

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Description
This paper examines the beta convergence hypothesis for the first 12 nations that joined the European Monetary Union. It seeks to determine whether monetary integration, through the inclusion of a dummy variable, reduced poverty in the countries involved. The period analysed is from 1971 to 2010, with data provided by the Penn World Table and the World Bank. In addition, inequality indicators are calculated, such as the Theil index, the coefficient of variation (sigma convergence) and the ratio of extremes between wealth and poverty, which will shape a European growth pattern. To test whether convergence exists, the methodology proposed by Barro (1991) is used, as well as the incorporation of the panel data model, combined with the fixed effect, carried out by Abitante (2007) and Bertussi (2009). The results found point to a situation of income divergence, that is, there is no conditional convergence, so the richest nations grow at higher rates than the poor, leading to the prolongation of inequalities.
Product details
Binding:
Paperback
Number of Pages:
52
Release Date:
2025-12-28
Publication Date:
2025-12-28
Publisher:
Our Knowledge Publishing
Languages:
Original: English
ISBN10:
6209409601
ISBN13:
9786209409608
GPSR Manufacturer Reference:
[email protected]
Weight:
96 g
Height:
150 cm
Width:
220 cm
Thickness:
4 cm
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