Elasticities of ergodic solutions in the Markov chains approach to economic growth convergence

Elasticities are estimated for long-run solutions of Markov chains of income distribution for the European regions. The results indicate that there will be no major changes in these long-run solutions for lower income states in the Markov chain and that effects on higher income states will be only moderate. Copyright RSAI 2005.

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Year of publication:	2005
Authors:	Mora, Toni
Published in:	Papers in Regional Science. - Wiley Blackwell. - Vol. 84.2005, 1, p. 121-126
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005266704