Marginal Vertical Convergence: New Approach in Real Convergence Analysis

نویسندگان

چکیده

Purpose: The main aim of this paper is to present a concept marginal vertical income convergence. This method allows determine the individual contribution objects (countries, regions) observed general process real Design/Methodology/Approach: Proposed methodology avoid limitations classical analysis To check cross-country stability parameters and assess an convergence process, separate regressions for all EU member states was provided. differences between coefficients model based on full sample specific particular country indicate effect. Findings: empirical results show that in 1993-2018 we can observe absolute β within European Union, accelerated after 2008-2009’s crisis period. However, conclusion overall levelling out GDP per capita different from one state another. Received confirmed outliers removing increase quality used models reliability formulated interpretations. Practical Implications: Different values are caused by dynamics economic growth countries, their resistance shocks, as well levels inequality distribution wealth. Recognition such first step developing policies aimed at reducing discrepancies among national behaviours could be background process. Originality/value: research presents new cross-sectional built long period covering pre- post-crisis time countries. Additional undergone study robustness make allowances outlier’s impact.

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ژورنال

عنوان ژورنال: European Research Studies Journal

سال: 2021

ISSN: ['1108-2976']

DOI: https://doi.org/10.35808/ersj/2096