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Portugal-EU Convergence Revisited: Evidence for the Period 1960-2003

Income Convergence

  • Portugal-EU Convergence Revisited: Evidence for the Period 1960-2003

    This paper uses the stochastic approach to convergence to investigate whether real per capita GDP in Portugal has been converging to the EU15 average. The estimation accounts for conditional convergence, transitional dynamics and up to two structural breaks. (…)