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TitlePortugal–EU convergence revisited : evidence for the period 1960–2003
Author(s)Freitas, Miguel Lebre de
KeywordsIncome Convergence
The portuguese economy
Unit root test
Issue dateAug-2006
JournalInternational Advances in Economic Research
Citation"International Advances in Economic Research". ISSN 1083-0898. 12:3 (Ago. 2006) 408-418.
Abstract(s)This paper uses the stochastic approach to convergence to investigate whether real per capita GDP in Portugal has been converging to the EU15 average. The estimation accounts for conditional convergence, transitional dynamics and up to two structural breaks. It is found that per capita GDP in Portugal has indeed converged to the EU15 average, but the pace of convergence has not been uniform along time. In particular, a slow down in the convergence process is identified in 1974. This result depends, however, as to whether the choice of this break-date is viewed as uncorrelated with the data. No evidence of acceleration in the speed of convergence is found after EC accession, in 1986.
Publisher version
AccessOpen access
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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