Arroyo, Antonio; Juan, Aránzazu - In: Empirical Economics 45 (2013) 2, pp. 715-733
This article investigates the pair-wise convergence hypothesis of 17 Spanish regions with respect to the European Union (EU) and Euro-Zone (EZ). Several definitions of convergence are taken into account. The IB-MPI unit root testing procedure is then applied. A simultaneous approach based on the...