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- Title
¿Hubo convergencia económica entre los países europeos antes de la I Guerra Mundial?
- Authors
Tirado Fabregat, Daniel A.; Novell, Jordi Pons
- Abstract
This article offers a survey of the theoretical and empirical literature on economic convergence. It also carries out a first attempt to characterize the evolution of relative per capita GDP levels across European countries before IWW (1870–1913). Cross section analysis confirms the inexistence of β-convergence but the acomplishment of β-convergence hipothesis in a model that allows the consideration of different steady-states across countries. Time series analysis confirms that, during the period 1870–1913, only countries with medium per capita GDP levels converged on those having the highest income levels in 1870.
- Publication
Revista de Historia Económica / Journal of Iberian & Latin American Economic History, 2001, Vol 19, Issue 1, p123
- ISSN
0212-6109
- Publication type
Article
- DOI
10.1017/S0212610900008958