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    An Integrated Framework for Analysing Income Convergence


    O'Neill, Donal and Van Kerm, Philippe (2008) An Integrated Framework for Analysing Income Convergence. The Manchester School, 76 (1). pp. 1-20. ISSN 1467-9957

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    Abstract

    We develop an integrated framework for studying income convergence that incorporates traditional measures of β-convergence and σ-convergence. These concepts are formally linked by a measure of re-ranking (or leapfrogging). Our proposed measure of β-convergence allows for nonlinearities in the growth process and explicitly identifies the contribution of faster growth among low-income regions to reductions in overall inequality. To develop our framework we exploit the close links that exist between studies of income convergence and studies that examine the progressivity of the tax system. We illustrate our approach by examining both cross-country and regional income dynamics.

    Item Type: Article
    Keywords: Integrated Framework; Income Convergence;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 9154
    Identification Number: https://doi.org/10.1111/j.1467-9957.2007.01047.x
    Depositing User: Donal O'Neill
    Date Deposited: 17 Jan 2018 16:06
    Journal or Publication Title: The Manchester School
    Publisher: Blackwell Publishing Company
    Refereed: Yes
    URI:

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