This paper studies the convergence of per capita GDP across European regions over a fairly long period. Most of the works are based on either cross-sectional or fixed-effects estimates. We propose the estimation of convergence in per capita GDP across European regions by making use of panel-data...

Investments in infrastructure are often seen as preferred policies for promoting regional growth. It is clear that good infrastructure projects, based on cost-benefit analysis, should show a countercyclical pattern. Being long-term investments, the benefits should be independent of the business...

In this paper we suggest an alternative estimator and an alternative graphical analysis, both developed by Hyndman et al. (1996), to describe the law of motion of cross-sectional distributions of per-capita income and its components in Europe. This estimator has better properties than the kernel...

Is inequality good or bad for growth? This issue, with its important political bearings, has attracted much attention in the past in the economic literature. Starting from the seminal work of Kuznet (1955), in the literature there is some empirical evidence that economies with unequal...