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Convergence: Theory and Evidence

In: Economic Growth in the Regions of Europe

Author

Listed:
  • Sascha Sardadvar

    (Vienna University of Economics and Business, Institute for Economic Geography and GIScience)

Abstract

Considerations on growth theory inevitably raise the question of whether different economies converge to each other in terms of output, income, or related measures. Interest in cross-country disparities of wealth and their causes is omnipresent in international politics. In fact, the issue has become so important that it is now officially a major objective of the European Union, as discussed in the Introduction. Although there exist various definitions of what constitutes convergence, this study will refer to just one definition of convergence, which combines two concepts:

Suggested Citation

  • Sascha Sardadvar, 2011. "Convergence: Theory and Evidence," Contributions to Economics, in: Economic Growth in the Regions of Europe, chapter 0, pages 29-41, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2637-1_4
    DOI: 10.1007/978-3-7908-2637-1_4
    as

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