Regional divergence and club convergence in India

Ghosh, Madhusudan; Ghoshray, Atanu; Malki, Issam

doi:10.1016/j.econmod.2012.10.008

Cited by 48 publications

(38 citation statements)

References 23 publications

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“…There are also studies investigating club convergence within the developing countries. Ghosh, Ghoshray, and Malki () analyze convergence clubs at both the aggregate and sectoral levels in India for the period 1968–2009. They detect three clubs at the aggregate level, two for Agriculture and Service sectors and three for the Industrial sector.…”

Section: Related Literaturementioning

confidence: 99%

Revisiting income convergence in Turkey: Are there convergence clubs?

2019

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This paper investigates club convergence in per capita income across 81 NUTS‐III regions in Turkey over the 1987–2017 period using the procedure suggested by Phillips and Sul. Based on a nonlinear factor model that allows for transitional heterogeneity, our econometric approach enables us to test the presence of convergence clusters and to examine their transitional behavior. We obtain strong evidence that there is no absolute or conditional convergence but convergence clubs across Turkish regions: five clubs in the first period covering 1987–2001 and six clubs in the second period covering 2004–2017. The geographical distribution of clubs suggests a clear separation between the eastern and the western regions of Turkey for both periods. While geography may be destiny, results from an ordered logit model reveal that initial income per capita, human capital, and total credits are the most important determinants of convergence clubs in Turkey.

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Section: Related Literaturementioning

confidence: 99%

Revisiting income convergence in Turkey: Are there convergence clubs?

2019

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“…Given its advantages, numerous scholars have applied this method. Applications have included the identification of regional economic growth convergence clubs [12,26,27], financial development convergence pattern analysis [28], and energy market convergence club analysis [29].…”

Section: Literature Reviewmentioning

confidence: 99%

Identifying Economic Growth Convergence Clubs and Their Influencing Factors in China

Qin

et al. 2018

Sustainability

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Balanced and coordinated economic development across regions is a critical goal of regional economic development and new-type urbanization in China. However, few studies have examined economic growth convergence clubs at the county level. To extend the research on convergence clubs, this research applies a log t convergence test and a dynamic spatial ordered probit model (DSOP) to endogenously identify economic growth convergence clubs in counties and to examine the influence of initial states and structures on club convergence probability. The study sample covers 2286 counties of China from 1992 to 2010. The results show significant convergence club patterns at the county levels, resulting in the gradual formation of six convergence clubs. The DSOP estimation results show that per capita fixed assets, population density, and industrialization have promoted convergence club formation to varying degrees.

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“…Complex convergence/divergence processes were examined at a global level (e.g., A.J. Korotayev et al [49]) or in the context of selected continents or areas (e.g., [50][51][52]). As regards developed countries, note that some authors examined the various aspects of convergence processes in OECD members (e.g., [53,54]), including at a regional (below-national) level, especially in Europe.…”

Section: Role Of Local Government In Promoting Development and Fightimentioning

confidence: 99%

The Role of Local Finance in Overcoming Socioeconomic Inequalities in Polish Rural Areas

Standar

Kozera

2019

Sustainability

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Poland is affected not only by a persistent regional differentiation but also by an internal polarization of regional development levels, particularly in rural areas. Local government authorities, especially municipalities, play an important role in bridging inequalities in socioeconomic rural development. This is because the investment capacity depends on the efficiency and effectiveness of local public finance. Note that the fight against inequalities is related to the issues of sustainable development. Therefore, the main purpose of this paper is to assess the changes in the level of socioeconomic inequalities between rural municipalities and the importance of local public finance in bridging these inequalities, as illustrated by the example of Poland. The objective formulated above emanates from the research hypothesis advanced by the authors which assumes that a strong relationship exists between one’s own income and investment potential, on one side, and the socioeconomic development level of Polish rural municipalities, on the other. In the first stage of research, the levels of socioeconomic development of the municipalities surveyed were assessed with a synthetic indicator estimated using the TOPSIS method (Technique for Order Preference by Similarity to an Ideal Solution). The indicator served as a basis for building the typological classes of socioeconomic development at the municipal level. Following this, selected descriptive statistics methods were used to describe the typological classes of socioeconomic development. The second stage of research consisted of assessing the quantitative relationships between the development level and the financial situation of entities surveyed. This was done using the Pearson linear correlation coefficient and the pseudo-test of differences of means. As demonstrated in the analyses, Polish rural municipalities witnessed an improvement in their socioeconomic development level and a simultaneous reduction in development disparities. Also identified were the relationships between local public finance and development levels of rural municipalities. The empirical study also allowed us to confirm the research hypothesis formulated in this paper.

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Regional divergence and club convergence in India

Cited by 48 publications

References 23 publications

Revisiting income convergence in Turkey: Are there convergence clubs?

Revisiting income convergence in Turkey: Are there convergence clubs?

Identifying Economic Growth Convergence Clubs and Their Influencing Factors in China

The Role of Local Finance in Overcoming Socioeconomic Inequalities in Polish Rural Areas

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