Technological Capabilities and Patterns of Income Convergence in EuropeA Cluster Analysis

  1. María Candelaria Barrios González
  2. Esther Flores Varo
  3. María Angeles Martínez Navarro
Journal:
Revista de economía mundial

ISSN: 1576-0162

Year of publication: 2018

Issue: 50

Pages: 129-152

Type: Article

Export: RIS
DOI: 10.33776/rem.v0i50.3902 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

Abstract

This paper analyses the patterns of convergence across the European Union countries in terms of both economic growth and technological conditions during the period 1995-2013. We apply the methodology of Phillips-Sul (2007) to study convergence in real income per capita and countries’ technological capabilities. We consider separately eight technological indicators as proxies for a country’s innovative ability and absorptive capacity. The results support the club convergence hypothesis for income and some technologyrelated indicators and offer an approximation to the role that technological capabilities could play in the income convergence process.

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