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Regional factor price convergence across four major European countries

Webber, Don J.; White, Paul

Authors

Paul White Paul.White@uwe.ac.uk
Professor in Applied Statistics



Abstract

Neo-classical growth models predict that the free movement of goods and factors will result in the spatial convergence of output and an ensuing convergence of factor prices. Based on distribution free statistics, this paper presents an empirical examination of average factor prices for labour across 58 regions of the EU over the period 1980-94. Using methods of concordance and discordance that identify the presence of switching, persistence, stratification and convergence between individual and groups of regions, our results suggest swings in the trend between factor price convergence and factor price divergence, while switching, persistence and stratification characterize the sample's evolution.

Citation

Webber, D. J., & White, P. (2003). Regional factor price convergence across four major European countries. Regional Studies, 37(8), 773-782. https://doi.org/10.1080/0034340032000128703

Journal Article Type Article
Publication Date Nov 1, 2003
Journal Regional Studies
Print ISSN 0034-3404
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 37
Issue 8
Pages 773-782
DOI https://doi.org/10.1080/0034340032000128703
Keywords regional factor price convergence, Europe
Public URL https://uwe-repository.worktribe.com/output/1075104
Publisher URL http://dx.doi.org/10.1080/0034340032000128703