Beta convergence in the export volumes in EU countries
This paper investigates the β -convergence in the trade volumes of EU countries. We focus on a different approach to convergence analysis, namely trade's contribution to convergence. Neoclassical growth theory assumes there will be a convergence process among the economies, even in absence of t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Mendel University, Brno
2016-11-01
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| Series: | European Journal of Business Science and Technology |
| Subjects: | |
| Online Access: | https://ejobsat.cz/artkey/ejo-201601-0006_beta-convergence-in-the-export-volumes-in-eu-countries.php |
| _version_ | 1818495552813268992 |
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| author | Miroslav Radiměřský Vladimír Hajko |
| author_facet | Miroslav Radiměřský Vladimír Hajko |
| author_sort | Miroslav Radiměřský |
| collection | DOAJ |
| description | This paper investigates the β -convergence in the trade volumes of EU countries. We focus on a different approach to convergence analysis, namely trade's contribution to convergence. Neoclassical growth theory assumes there will be a convergence process among the economies, even in absence of trade. Trade relations might, however, speed up this process. We use panel data for trade volumes of 26 EU countries and test the presence and the speed of β -convergence pattern on SITC sectors 6 and 7 trade categories. The implied speeds of unconditional convergence of the export volume per capita are about 0.05-0.06 (implying half-lives around 12-13 years). When accounting for the country- or time-period specific effects, we can observe relatively high convergence rates (with half-lives somewhere around 2-4 years). |
| first_indexed | 2024-12-10T18:22:01Z |
| format | Article |
| id | doaj.art-f3f542132f5a49efbf2e61469e669398 |
| institution | Directory Open Access Journal |
| issn | 2336-6494 2694-7161 |
| language | English |
| last_indexed | 2024-12-10T18:22:01Z |
| publishDate | 2016-11-01 |
| publisher | Mendel University, Brno |
| record_format | Article |
| series | European Journal of Business Science and Technology |
| spelling | doaj.art-f3f542132f5a49efbf2e61469e6693982022-12-22T01:38:11ZengMendel University, BrnoEuropean Journal of Business Science and Technology2336-64942694-71612016-11-0121646910.11118/ejobsat.v2i1.13ejo-201601-0006Beta convergence in the export volumes in EU countriesMiroslav Radiměřský0Vladimír Hajko1Faculty of Business and Economics, Mendel University, BrnoFaculty of Business and Economics, Mendel University, BrnoThis paper investigates the β -convergence in the trade volumes of EU countries. We focus on a different approach to convergence analysis, namely trade's contribution to convergence. Neoclassical growth theory assumes there will be a convergence process among the economies, even in absence of trade. Trade relations might, however, speed up this process. We use panel data for trade volumes of 26 EU countries and test the presence and the speed of β -convergence pattern on SITC sectors 6 and 7 trade categories. The implied speeds of unconditional convergence of the export volume per capita are about 0.05-0.06 (implying half-lives around 12-13 years). When accounting for the country- or time-period specific effects, we can observe relatively high convergence rates (with half-lives somewhere around 2-4 years).https://ejobsat.cz/artkey/ejo-201601-0006_beta-convergence-in-the-export-volumes-in-eu-countries.phptradeconvergenceexport |
| spellingShingle | Miroslav Radiměřský Vladimír Hajko Beta convergence in the export volumes in EU countries European Journal of Business Science and Technology trade convergence export |
| title | Beta convergence in the export volumes in EU countries |
| title_full | Beta convergence in the export volumes in EU countries |
| title_fullStr | Beta convergence in the export volumes in EU countries |
| title_full_unstemmed | Beta convergence in the export volumes in EU countries |
| title_short | Beta convergence in the export volumes in EU countries |
| title_sort | beta convergence in the export volumes in eu countries |
| topic | trade convergence export |
| url | https://ejobsat.cz/artkey/ejo-201601-0006_beta-convergence-in-the-export-volumes-in-eu-countries.php |
| work_keys_str_mv | AT miroslavradimersky betaconvergenceintheexportvolumesineucountries AT vladimirhajko betaconvergenceintheexportvolumesineucountries |