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Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/73383

Type: Journal article
Title: Convergence of productivity levels among the EU countries: Evidence for a panel of industries
Author: Ulusoy, Veysel
Yalcin, Erkan
Citation: Australian Economic Papers, 2011; 50(2-3):98-114
Publisher: University of Adelaide, Flinders University and Blackwell Publishing Asia
Issue Date: 2011
ISSN: 0004-900X
School/Discipline: School of Economics
Statement of
Responsibility: 
Veysel Ulusoy and Erkan Yalcin
Abstract: We investigate whether economic integration stimulates income convergence and whether changes in production, specialisation and trade patterns associated with the enlargement process foster economic growth and convergence among countries. We examine income convergence via endogenous growth model for countries in which the scale factor stemming from learning-by-doing is a prevailing feature. We illustrate a clear connection between externalities and trade among EU countries. Empirical evidence based on a panel of industries shows that learning from export and import related scale effect do significantly affect the convergence process. We find that there is a low speed of convergence across the EU manufacturing. This implies that the degree of cross-manufacturing productivity inequality disappears in the very long-run. This in turn implies that manufacturing sectors, which are predicted, to be more productive in the past, are the same sectors that are also productive today.
Rights: © 2011 The Authors
RMID: 0020112339
DOI: 10.1111/j.1467-8454.2011.00414.x
Appears in Collections:Economics Publications
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