Productivity Convergence during the Eurozone Genesis (1992- 2007)Empiric Evidence of an Expected Phenomena

  1. Miguel Garcia-Duch 1
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

Revue:
Revista de economía mundial

ISSN: 1576-0162

Année de publication: 2018

Número: 48

Pages: 103-124

Type: Article

DOI: 10.33776/REM.V0I48.3880 DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

D'autres publications dans: Revista de economía mundial

Objectifs de Développement Durable

Résumé

Este trabajo analiza las tres nociones más comunes de convergencia – los enfoques beta, sigma y series temporales – aplicados a la Eurozona desde su diseño en 1992 durante el Tratado de Maastricht hasta el estallido de la crisis en 2008. Debido a las limitaciones de la perspectiva basada en la renta por habitante, este trabajo analizara la convergencia en productividad tanto a nivel general como sectorial. A nivel agregado la evidencia de convergencia es inexistente, mientras que el cuadro sectorial es heterogéneo. Ciertas ramas de los servicios apuntan hacia la convergencia mientras que las ramas industriales sugieren una fuerte divergencia. Desde la perspectiva neoclásica, la convergencia es un fenómeno esperado, sin embargo, la evidencia de la Eurozona es mucho más contradictoria. De hecho, no existe un proceso generalizado de convergencia en productividad entre los miembros de la Eurozona. De este modo, ciertos elementos clave serán propuestos para lograr desarrollar un marco teórico más ajustado a la evidencia presentada en este trabajo

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