Record Details

Economic integration and income convergence in the EU and the ASEAN

Journal of Economics Library

View Archive Info
 
 
Field Value
 
Title Economic integration and income convergence in the EU and the ASEAN
 
Creator JENA, Devasmita;

Reserve Bank of India

Centre for International Trade and Development, Jawaharlal Nehru University

Devasmita Jena is Research Officer in Department of Economic Policy and Research, the Reserve Bank of India. The views expressed in the paper are those of the authors and do not necessarily reflect the views of the RBI. The author is pursuing her Ph.D in Economics from centre for International Trade and Develeopment, Jawaharlal Nehru University, New Delhi. Contact: devasmitajena@gmail.com
 
Subject Convergence; EU; ASEAN; Theil Index of Inequality.
O00; O10; O40.
 
Description Abstract. In this paper, examine per capita income convergence among the countries of the EU and the ASEAN during 2000-2014 using both beta and sigma convergence and theil index of inequality in order to to explain the process of structural change contributing to the process of income convergence. Our analysis of theil index of inequality indicates that the inter-country inequality, in general, has been decreasing for GDP in the EU and the ASEAN, which is in line with the findings of β- and σ- convergence for these two groups of countries during 2000-2014. While in the case of EU, reduction in inequality in the industrial sector has positively affected the reduction in inequality in income; for ASEAN, industrial and services sector have contributed to income convergence.Keywords. Convergence, EU, ASEAN, Theil Index of Inequality.JEL. O00, O10, O40.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2018-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/1478
10.1453/jel.v5i1.1478
 
Source Journal of Economics Library; Vol 5, No 1 (2018): March; 1-11
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/1478/1581
 
Rights Copyright (c) 2018 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0