Convergence in Income Per Capita in the EMU Regions: An empirical investigation of sigma and beta convergence
There are large differences in income level and growth across the members of the European and Monetary Union, and the differences are even larger at a regional level. As integration intensifies an important question is whether the disparities in terms of per capita incomes will diminish. The purpose of the paper is to empirically test the hypothesis of per capita income convergence among 144 NUTS-
