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This study examines the evolution of the regional per capita income from the perspective of a policymaker at the national level. To do that, it utilizes stochastic dominance analysis by including a utility function that expresses the "regional inequalities aversion" level of the policymaker. In...
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With advancement of the European integration process, income convergence has become a debated topic that has challenged both the academic forums andthe decision-makers' community. With the first waves of the EU enlargement, it has become indisputable for the European leaders that in order to...
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Die deutsche Vereinigung brachte für die Menschen das Versprechen einer baldigen Angleichung der Lebensverhältnisse zwischen Ost- und Westdeutschland. Zwar wurde recht schnell deutlich, dass gleiche (materielle) Lebensverhältnisse bestenfalls langfristig erreichbar sein würden; gleichwohl...
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countries and periods. Argentina, for instance, experienced rapid growth until World War I, following an export-led model, and a …
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a unique and dominating feature in terms of its range and size in the world economic milieu. Obviously, the cementing … the world) and government expenditure in explaining per capita income convergence in the EU during the period of 1995 … study. Moreover, we are able to show that trade with the world and government expenditure enabled the relatively lower …
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