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REGIONAL ECONOMIC GROWTH AND CONVERGENCE, 1950-2007: Some Empirical Evidence

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  • Georgios Karras

    (University of Illinois at Chicago)

Abstract

This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita. Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two variables varies by region. The empirical findings are broadly supportive of conditional convergence at an estimated average annual rate that has ranged from 0.8% in Europe to 1.7% in Asia. It is also shown that the speed of convergence is far from constant over time: it has been steadily falling in the OECD and the Americas, but steadily increasing in Asia.

Suggested Citation

  • Georgios Karras, 2010. "REGIONAL ECONOMIC GROWTH AND CONVERGENCE, 1950-2007: Some Empirical Evidence," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 11-24, June.
    • Handle: RePEc:hrs:journl:v:ii:y:2010:i:1:p:11-24
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    File URL: http://www.rsijournal.eu/ARTICLES/Journal_2/RSIJUNE2010.pdf
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    Cited by:

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    5. Faiza A. Khan, 2014. "Economic Convergence in the African Continent: Closing the Gap," South African Journal of Economics, Economic Society of South Africa, vol. 82(3), pages 354-370, September.
    6. Daniela- Luminița CONSTANTIN & Corina- Cristiana NASTACĂ & Emilia GEAMBASU, 2021. "Population Accessibility To Rail Services. Insights Through The Lens Of Territorial Cohesion," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 81-98, June.
    7. Daniela- Luminița CONSTANTIN & Corina- Cristiana NASTACĂ & Emilia GEAMBASU, 2021. "Population Accessibility To Rail Services. Insights Through The Lens Of Territorial Cohesion," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 81-101, June.
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    More about this item

    Keywords

    Solow Growth Model; Economic Growth; Convergence;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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