Modern economic growth and convergence : the long-run evolution of regional inequality in Spain (1860-2010)


Treball de Fi de Grau en Economia. Curs 2018-2019Tutor: Albert Carreras de OdriozolaThis paper performs an analysis of sigma and beta convergence for Spanish regions during the period 1860-2010 using different spatial units and time intervals. Growth regressions are run unconditionally using a Generalised Least Squares estimator and also conditionally by using a fixed effects estimator and a panel data two-step Generalised Method of Moments estimator. My results confirm the existence of conditional beta convergence for Spanish regions over the whole studied period; however, different time partitions for growth regressions show the convergence parameter has not remained constant at all throughout different periods. I conclude that, although the neoclassical growth model with endogenous savings provides a satisfactory picture of convergence in Spain if the whole period 1860-2010 is considered, other forces apart from diminishing returns to capital accumulation also play a role

Similar works

Full text



Full text is not available time updated on 4/5/2020

This paper was published in RECERCAT.

Having an issue?

Is data on this page outdated, violates copyrights or anything else? Report the problem now and we will take corresponding actions after reviewing your request.