Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/82690
Title: Economic convergence in the European Union : how does Malta fit in?
Authors: Vella, Melchior
Keywords: European Union countries -- Economic conditions
Economic policy -- European Union countries
Economic development -- European Union countries
Issue Date: 2015
Publisher: Canadian Center of Science and Education
Citation: Vella, M. (2015). Economic convergence in the European Union : how does Malta fit in? Review of European Studies, 7(3), 229-244.
Abstract: The paper tests the hypothesis that developing member states of the European Union converge to richer countries. On the basis of a Cobb-Douglas production function this study estimates beta convergence, and sigma convergence, utilising data from the 28 EU member countries. The results confirm the hypothesis and indicate that poor countries grow faster than rich economies in terms of per capita income and the convergence process for Malta is slower. This finding has important implications for transition EU member states, including that Malta needs to overcome several constraints in the transitional phase to increase the steady state level.
URI: https://www.um.edu.mt/library/oar/handle/123456789/82690
Appears in Collections:Scholarly Works - FacEMAEco

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