Economic Convergence in the European Union: How does Malta Fit in?
- Melchior Vella
Abstract
The paper tests the hypothesis that developing member states of the European Union converge to richer countries. On the basis of a Cobb-Douglas production function this study estimates beta convergence, and sigma convergence, utilising data from the 28 EU member countries. The results confirm the hypothesis and indicate that poor countries grow faster than rich economies in terms of per capita income and the convergence process for Malta is slower. This finding has important implications for transition EU member states, including that Malta needs to overcome several constraints in the transitional phase to increase the steady state level.
- Full Text:
PDF
- DOI:10.5539/res.v7n3p229
Index
- ACNP
- CNKI Scholar
- DTU Library
- Elektronische Zeitschriftenbibliothek (EZB)
- EuroPub Database
- Excellence in Research for Australia (ERA)
- Genamics JournalSeek
- Google Scholar
- Harvard Library
- HeinOnline
- Infotrieve
- JournalTOCs
- Mir@bel
- Open policy finder
- RePEc
- ResearchGate
- ROAD
- Scilit
- Technische Informationsbibliothek (TIB)
- The Keepers Registry
- Universe Digital Library
- WorldCat
Contact
- Paige DouEditorial Assistant
- res@ccsenet.org