Convergence Across EU Member States: Evidence on the Effects of Education Investment and Fiscal Policy

• Autores: María del Mar Salinas Jiménez, Inmaculada Álvarez Ayuso, María Jesús Delgado Rodríguez
• Localización: XII Encuentro de Economía Pública. Evaluación de las Políticas Públicas: Palma de Mallorca. Los días 3 y 4 de febrero de 2005, 2005, pág. 4
• Idioma: inglés
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• Resumen

  • Despite the notable increase in the literature dealing with economic convergence among the Member States of the EU, the debate concerning the significance of this process is still open. This present paper contributes new evidence, broadening the model developed by Mankiw, Romer and Weil (1992) through the incorporation of the role of goverment, following Bajo�s work (2000). The convergence equation, the cornerstone of this study, is estimated employing data panel techniques and deals with the most important problems pointed out in specialized literature. Our findings suggest that European convergence is a slow and discontinuous process, in which human capital has played a key role as a source of convergence, attaching importance to the educational policy developed in different European countries.