What Drives the Convergence of Per-Capita Health Expenditures in the EU Member Countries?

2020 ◽  
pp. 411-427
Author(s):  
Gönül Yüce Akinci ◽  
Merter Akinci
Keyword(s):  
Convergence Analysis ◽  
Geographically Weighted Regression ◽  
Health Expenditures ◽  
Weighted Regression ◽  
The European Union ◽  
Income Convergence ◽  
Convergence Process ◽  
Country Analysis ◽  
Weighted Regression Analysis ◽  
Per Capita

One of the most important issues in economic development is the examination of the convergence phenomenon. The convergence analysis has been enhanced with the efforts of various economists and the convergence trends in all areas of the economic system have been determined with the help of applied analysis. As well as income convergence analysis among countries, the convergence dynamics in health expenditures have become popular in recent years. Therefore, the main motivation of this study is to examine the convergence process of health expenditures in the European Union member countries using a geographically weighted regression analysis of the period 1970 to 2017. The results of the analysis indicate that a statistically strong convergence is valid in “the Six” and the Eurozone, while there is not any statistically significant convergence in non-member states of the Eurozone. Also, the findings of the panel cross-country analysis also point out the nonexistence of the convergence. Finally, the analysis is extended to examine convergence by adding some control variables.

scholarly journals DOES EXPORT DIVERSIFICATION LEAD TO INCOME CONVERGENCE? EVIDENCE FROM CROSS-COUNTRY ANALYSIS

2020 ◽  
Vol 23 (3) ◽  
pp. 319-346
Author(s):  
Vaseem Akram ◽  
Badri Narayan Rath
Keyword(s):  
Capita Income ◽  
Generalized Method Of Moments ◽  
Export Diversification ◽  
Income Convergence ◽  
Per Capita Income ◽  
Full Sample ◽  
Poor Countries ◽  
Country Analysis ◽  
Per Capita

In this study, we examine the role of export diversification in the convergence of per capita income (output). By applying the dynamic system Generalized Method of Moments (GMM) estimator to a panel dataset consisting of 95 countries, we find evidence of both absolute and conditional divergence for the full sample and the subsamples based on income and regions. Thus, our findings suggest that, although high export diversification boosts the per capita income (output), it does not significantly reduce per capita income (output) gap between rich and poor countries.

The effects of the economic crisis on income convergence in the European Union

2012 ◽  
Vol 62 (2) ◽  
pp. 161-182 ◽  
Author(s):  
Nenad Stanišić
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Purchasing Power Parity ◽  
Gdp Per Capita ◽  
The European Union ◽  
Income Convergence ◽  
Power Parity ◽  
Trade Theory ◽  
Per Capita

This paper evaluates income convergence in the European Union, between “old” (EU15) and “new” member states from Central and East Europe (CEE10), and among the countries within these two groups. The GDP per capita convergence should be expected according to the exogenous economic growth model and neoclassical trade theory. The presence of σ-convergence and both absolute and conditional β-convergence is tested for on a sample of 25 European Union countries (EU25). Results confirm the existence of β-convergence of GDP per capita at purchasing power parity among EU25, but not among EU15 and CEE10 countries. σ-convergence has been confirmed among EU25 and CEE10 countries, while GDP per capita has been diverging in the EU15 group of countries. Moreover, the results reveal that recent economic crisis has reversed long-term tendencies and led to income convergence within EU15 and divergence within CEE10. During the crisis, the income differences among the EU25 countries have increased, but the scope and duration of this effect has been limited and has not affected the long term convergence path. However, the obtained long term speed of convergence is significantly lower compared with the previous researches.

Three Horsemen of the Markets

2019 ◽  
pp. 393-406
Author(s):  
Gönül Yüce Akıncı
Keyword(s):  
Economic Integration ◽  
Geographically Weighted Regression ◽  
Technological Development ◽  
The European Union ◽  
Integration Process ◽  
Competitive Power ◽  
European Continent ◽  
Weighted Regression Analysis ◽  
Impact Of Technology ◽  
The Impact

The purpose of this chapter is to examine the impact of technologic improvement and financial development on competitive power in the 28 member countries of the European Union using panel geographically weighted regression analysis for the period of 2004-2016. The findings of the analysis, which show that increasing technological development accelerates the competitive power, support the Schumpeterian hypothesis, revealing that the impact of technology on competitiveness could accelerate with the contribution of the financial sector. In addition, findings reflecting the fact that the foreign trade which has been strengthened via technical development increases the competitive power show that the level of globalization has a contribution to this process, also. It has been observed that securing the property rights and applying the effective patent regimes leads to competitive advantage, and the economic integration process of the European continent has strengthened the competitive force.

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