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Title: GDP per capita in Europe: time trends and persistence
Authors: Caporale, GM
Gil-Alana, LA
Monge, M
Keywords: GDP per capita;Europe;time trends;persistence;long memory
Issue Date: 23-Sep-2020
Publisher: Vilnius Gediminas Technical University Press
Citation: Caporale, G.M. Gil-Alana, L.A. and Monge, M. (2020) 'GDP per capita in Europe: time trends and persistence', Journal of Business Management and Economics, 2020, 8 (9), pp. - . doi: 10.15520/jbme.v8i09.3098.
Abstract: Copyright © The Authors 2020. This paper uses fractional integration techniques to show the existence of a negative correlation between the level of GDP per capita and its degree of persistence in a number of European countries. Weaker institutions and “shock absorbers” (financial markets to diversify risk and stabilization policies to counter shocks) might be the reason why countries with lower GDP per capita are characterized by a less effective management of the economy in response to shocks.
ISSN: 1611-1699
Appears in Collections:Dept of Economics and Finance Research Papers

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