Sökning: "Johannes-herkules Stefanoudakis"

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  1. 1. Club Convergence in the European Union - Analyzing the Impact of the Financial Crisis of 2008

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Författare :Johannes-Herkules Stefanoudakis; [2012]
    Nyckelord :Club Convergence; European Union; Financial Crisis; Conditional convergence; Spatial Dependencies;

    Sammanfattning : The aim of this paper is to empirically identify the impact of the financial crisis of 2008 on the mechanisms of within-club convergence of GDP per capita, for the 27 member countries of the European Union. To tackle this issue, the author first uses spatial filtering methods to identify club formation under a concept of bimodal distribution and then proposes a two-stage framework in which unconditional and conditional convergence are estimated before and after the crisis period. LÄS MER