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Income convergence and economic integration: Evidence from European Union

Income convergence is a subject of debate since the formulation of the Robert Solow'sneoclassical growth model and it represents a situation when poor countries have faster growth than rich countries. The main cause of income convergence lies in the diminishing returns of production factors, especia...

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Hovedforfatter: Milutinović Sonja
Format: Artigo
Sprog:Inglês
Udgivet: Megatrend University 2015-01-01
Serier:Megatrend Revija
Fag:
neoclassical growth models
income convergence
economic integration
the European Union
Online adgang:http://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2015/1820-31591503127M.pdf
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