TECHNOLOGICAL CAPABILITIES AND PATTERNS OF INCOME CONVERGENCE IN EUROPE: A CLUSTER ANALYSIS

TECHNOLOGICAL CAPABILITIES AND PATTERNS OF INCOME CONVERGENCE IN EUROPE: A CLUSTER ANALYSIS

This paper analyses the patterns of convergence across the European Union countries in terms of both economic growth and technological conditions during the period 1995-2013. We apply the methodology of Phillips-Sul (2007) to study convergence in real income per capita and countries’ technological c...

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Veröffentlicht in:Revista de economía mundial 2018-01, Vol.50 (50)
Hauptverfasser: BARRIOS GONZALEZ, CANDELARIA, FLORES VARO, ESTHER, MARTÍNEZ NAVARRO, Mª ÁNGELES
Format: Artikel
Sprache:eng
Schlagworte:
Clubs
Cluster analysis
Convergence
convergence clubs
Economic growth
Economic models
European Union
log t test
Real income
Student's t-test
Technological change
technology clubs
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Zusammenfassung:This paper analyses the patterns of convergence across the European Union countries in terms of both economic growth and technological conditions during the period 1995-2013. We apply the methodology of Phillips-Sul (2007) to study convergence in real income per capita and countries’ technological capabilities. We consider separately eight technological indicators as proxies for a country’s innovative ability and absorptive capacity. The results support the club convergence hypothesis for income and some technologyrelated indicators and offer an approximation to the role that technological capabilities could play in the income convergence process
ISSN:1576-0162
1576-0162
2340-4264
DOI:10.33776/rem.v0i50.3902