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This is an empirical study of the real income convergence among the fifteen European Union members and the eleven …-section regression and dynamic panel data estimations. Most estimation methods find positive convergence, but estimated rates of … convergence vary considerably. …
Persistent link: https://www.econbiz.de/10005648606
Persistent link: https://www.econbiz.de/10001444010
Perfect integration eludes the real world, so we suggest a realistic benchmark standard for judging the extent of market integration in various economies. We estimate the degree of integration in the US product market, widely acknowledged to be the most integrated among geographically large...
Persistent link: https://www.econbiz.de/10005648565