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Recent Advances in Club Convergence

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 March 2022) | Viewed by 2432

Special Issue Editors

Department of Economics, University of Oviedo, Oviedo, Spain
Interests: social sciences economics; econometrics and finance business; management and accounting arts and humanities engineering decision sciences physics and astronomy earth and planetary sciences mathematics
Department of Economics and Finance, University of Texas, El Paso, TX, USA
Interests: macrofinance; macroeconomics; energy economics; monetary economics

Special Issue Information

Dear Colleagues,

Convergence analysis has attracted extensive attention in the economic literature over the last few decades. The topics covered by several convergence methods are varied, included income, inflation, productivity, taxes, emissions, government expenses, and bank profits. Along with the widely used beta and sigma convergence methods, the contributions by Phillips and Sul (2007 and 2009), introducing club convergence, enlarged the interest in and possibilities relating to convergence studies across disciplines.

The aim of this Special Issue is to present recent advances in club convergence analysis. Both theoretical and empirical manuscripts are welcome. In the theoretical context, we are interested in potential developments in or improvements to the procedures stated by Phillips and Sul. In the empirical framework, we seek applications related to several economic and business topics, with the usual requirement of a contribution to the literature and of going beyond the convergence club results, identifying, for example, the determinants of such clubs, and examining the policy implications of the results achieved in the clustering procedure in depth.  

References

Phillips, P. and D. Sul (2007): Transition modeling and econometric convergence tests, Journal of the Econometric Society, 75, 1771-1855.

Phillips, P. and D. Sul (2009): Economic transition and growth, Journal of Applied Econometrics, 24, 1153-1185.

Prof. Dr. Francisco J. Delgado
Prof. Dr. Nicholas Apergis
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • convergence methods
  • club convergence
  • economics and finance

Published Papers (1 paper)

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Research

16 pages, 2006 KiB  
Article
Testing Real Convergence as a Prerequisite for Long Run Sustainability
by Marta Christina Suciu, Adrian Petre, Laura Gabriela Istudor, Mircea Ovidiu Mituca, Gheorghe Alexandru Stativa, Diana Mardarovici, Oana Raluca Tofan and Razvan George Cotescu
Sustainability 2021, 13(17), 9943; https://doi.org/10.3390/su13179943 - 04 Sep 2021
Cited by 3 | Viewed by 1666
Abstract
The main objective of this research is to estimate the degree of real convergence of the countries that joined the European Union between 2004–2013 as an essential precondition for sustainable accession to the Euro Area. Through this study, we tried to create a [...] Read more.
The main objective of this research is to estimate the degree of real convergence of the countries that joined the European Union between 2004–2013 as an essential precondition for sustainable accession to the Euro Area. Through this study, we tried to create a clear, real and comparative image for the downward trend in the dispersion of the GDP/capita and the speed by which countries with different integration stages achieve the real economic convergence to equilibrium level. In this respect, we tested real convergence by regression models. Further, in order to verify the robustness of the results we applied a cluster analysis. The main results show that non-Euro Area countries have a tendency to individually reduce income disparities with the Euro Area average, but do not register a convergent economic growth and do not form a homogeneous convergence cluster, unlike the newer Euro Area Member Countries. Another representative result is that the Czech Republic seems to be the best prepared country to adopt the single currency in a sustainable way, while Bulgaria is at the opposite pole. Full article
(This article belongs to the Special Issue Recent Advances in Club Convergence)
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