{"id":829,"date":"2010-06-06T17:12:38","date_gmt":"2010-06-06T15:12:38","guid":{"rendered":"http:\/\/www.rsijournal.eu\/?p=829"},"modified":"2021-01-20T13:24:26","modified_gmt":"2021-01-20T11:24:26","slug":"regional-economic-growth-and-convergence-1950-2007-some-empirical-evidence","status":"publish","type":"post","link":"https:\/\/rsijournal.eu\/?p=829","title":{"rendered":"REGIONAL ECONOMIC GROWTH AND CONVERGENCE, 1950-2007: Some Empirical Evidence"},"content":{"rendered":"<h4>Georgios Karras*<br \/>\nUniversity of Illinois at Chicago<br \/>\nMarch 2010<\/h4>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n<strong>Abstract:<\/strong><\/p>\n<p style=\"text-align: justify;\">This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita.\u00a0 Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two variables varies by region.\u00a0 The empirical findings are broadly supportive of conditional convergence at an estimated average annual rate that has ranged from 0.8% in Europe to 1.7% in Asia.\u00a0 It is also shown that the speed of convergence is far from constant over time: it has been steadily falling in the OECD and the Americas, but steadily increasing in Asia. JEL classification: O40. <a title=\"read full article\" href=\"http:\/\/www.rsijournal.eu\/ARTICLES\/Journal_2\/11-24.pdf\" target=\"_blank\" rel=\"noopener\">read more<\/a><\/p>\n<p style=\"text-align: left;\">Keywords: Solow Growth Model, Economic Growth, Convergence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Georgios Karras* University of Illinois at Chicago March 2010 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Abstract: This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita.\u00a0 Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two variables varies&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[],"class_list":["post-829","post","type-post","status-publish","format-standard","hentry","category-published"],"_links":{"self":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=829"}],"version-history":[{"count":15,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/829\/revisions"}],"predecessor-version":[{"id":3794,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/829\/revisions\/3794"}],"wp:attachment":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}