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¿Hubo convergencia económica entre los países europeos antes de la I Guerra Mundial?

Published online by Cambridge University Press:  28 April 2010

Daniel A. Tirado Fabregat  and
Jordi Pons Novell
Daniel A. Tirado Fabregat
Affiliation:
Universitat de Barcelona
Jordi Pons Novell
Affiliation:
Universitat de Barcelona
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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.

Resumen

En este trabajo se ofrece un resumen de la literatura teórica y empírica sobre la convergencia económica y se presenta una primera caracterización del comportamiento del PIB per cápita relativo en Europa en el período previo a la I Guerra Mundial. Del estudio con datos de corte transversal se deduce el incumplimiento de la hipótesis de β-convergencia y se verifica la existencia de β-convergencia a estados estacionarios que son distintos para cada uno de los países. El análisis con datos de serie temporal refuerza el cuadro. Durante el período 1870–1913, sólo los países con niveles de renta per capita de partida medios lograron acercarse a los niveles de PIB per capita de los inicialmente más ricos.

Type
Artículos
Information
Revista de Historia Economica - Journal of Iberian and Latin American Economic History , Volume 19 , Issue 1 , March 2001 , pp. 123 - 152
Copyright
Copyright © Instituto Figuerola de Historia y Ciencias Sociales, Universidad Carlos III de Madrid 2001

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References

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