Road to unity? Nordic economic convergence in the long run

Bruno, Lars Christian; Eloranta, Jari; Ojala, Jari; Pehkonen, Jaakko

doi:10.1080/03585522.2022.2032318

Cited by 3 publications

(4 citation statements)

References 75 publications

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“…A common approach to test for convergence is to apply a unit-root test, see for instance Oxley (1997, 1999) and Bruno et al (2023). The most commonly used unit-root test the Augmented Dickey-Fuller (ADF) test, which test equation is given by:…”

Section: Methodsmentioning

confidence: 99%

“…More recently, Bruno et al (2023) used this approach to test for convergence between the Nordic countries and the economic leaders at the time for the period 1731-2010. The conclusion was that prior to the 20 th century, the Nordic countries did not have a similar growth path.…”

Section: Introductionmentioning

confidence: 99%

“…1. Introduction Bruno et al (2023) recently explored the economic convergence of the Nordic countries compared to the economic leaders from the early 18 th century until present. The Baltic countries have previously not been included in this type of analysis as figures for GDP per capita have thus far been unavailable prior to 1993.…”

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confidence: 99%

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Convergence between the Baltic and the Nordic economies: Some reflections based on new data for the Baltic countries

Bruno,

Grytten

2024

SSRN Journal

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Convergence between the Baltic and the Nordic economies: Some reflections based on new data for the Baltic countries

Bruno,

Grytten

2024

SSRN Journal

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“…In the convergence processes, the lower and middle-income regions catch up with the high-income ones [49], because they grow faster [50]. These frameworks associated with the convergence have attracted the attention of the scientific community, including for assessments with information from the eighteenth century [51] and before [52].…”

Section: Literature Reviewmentioning

confidence: 99%

Evidence of Global Convergence: Perspectives for Economic and Territory Planning in Times of the COVID-19 Pandemic

Martinho

2023

Land

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Governments and international organizations have implemented efforts to promote the convergence of socioeconomic indicators between countries. The structural funds adopted by the European Union institutions are examples of policy instruments implemented to promote convergence in the GDP (gross domestic product) among the member states. Nonetheless, these policy measures are dependent on several internal and external factors, making these efforts vulnerable to exogenous shocks such as those associated with the global financial crisis and the COVID-19 pandemic. From this perspective, this research aims to analyze the convergence trends over the last few years and assess the respective implications of the pandemic on this framework. For that, statistical information from the World Bank for the GDP per capita was considered for the period 2006–2021 for all countries and organized for each group of levels of income and each world region. These data were analyzed through panel data approaches, considering the developments in convergence theory. The results show that the signs of convergence are different for each level of income and each region, highlighting the idea of clubs of convergence. On the other hand, the pandemic disturbed the trends of convergence verified worldwide, but nonetheless, it seems to be on a smaller scale than the global financial crisis. In any case, these findings should be confirmed in future research with more recent data.

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The Nordic Municipal CEO

Hansen,

Torjesen,

Torsteinsen

2024

Managing Nordic Local Governments

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This book analyses the municipal chief executive officer (MCEO) of Nordic municipalities. The Nordic countries operate a distinct model of local government in the context of the welfare state. As there are some variations among the countries, it is important to analyse this model in comparative perspective. In the Nordic countries, the post-war expansion of the welfare state took place primarily in local government, which became the main provider of welfare services and one of the largest employers in these countries. In this chapter, we present the rationale for the book, the Nordic municipal context in which the MCEO works, our research questions, and basic theoretical approaches. Finally, we briefly present the research design, methodologies, and outline of the book.

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Road to unity? Nordic economic convergence in the long run

Cited by 3 publications

References 75 publications

Convergence between the Baltic and the Nordic economies: Some reflections based on new data for the Baltic countries

Convergence between the Baltic and the Nordic economies: Some reflections based on new data for the Baltic countries

Evidence of Global Convergence: Perspectives for Economic and Territory Planning in Times of the COVID-19 Pandemic

The Nordic Municipal CEO

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