Munich Personal RePEc Archive

Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions

Montañés, Antonio and Olmos, Lorena (2013): Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions.

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Abstract

This paper analyses to what extent the Spanish regions have undergone a process of convergence since 1980. The application of unit root techniques to the data of the Human Development Index allow us to show that the evolution of the Spanish economy can be understood as a sum of divergent forces, while the per capita GDP offers much more evidence in favour of convergence. These insights encourage the use of different economic measures when studying stochastic convergence.

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