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Growth and Convergence in Income Per Capita and Income Inequality in the Regions of the European Union

Lookup NU author(s): Dr Vassilis Tselios

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Abstract

The neoclassical growth model predicts that there will be both a reduction of income per capita disparities over time and long-term convergence in income inequality levels. This paper examines whether this holds true for the EU using data from the European Community Household Panel for 102 regions over the period 1995-2000. The analysis is conducted using cross-sectional and panel data growth models with spatial interaction effects. The results reveal the presence of a conditional convergence in income per capita after controlling for educational attainment, unemployment, sectoral composition, spatially lagged growth of income per capita, and regional fixed effects, and that of an unconditional convergence in income inequality.

Publication metadata

Author(s): Tselios V

Publication type: Article

Publication status: Published

Journal: Spatial Economic Analysis

Year: 2009

Volume: 4

Issue: 3

Pages: 343-370

ISSN (print): 1742-1772

ISSN (electronic): 1742-1780

Publisher: Routledge

URL: http://dx.doi.org/10.1080/17421770903114711

DOI: 10.1080/17421770903114711

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