International Evidence on Convergence and Openness

European Research Studies, 5(3-4), 2002, 91-105

23 Pages Posted: 12 Apr 2012

See all articles by Theodore Pelagidis

Theodore Pelagidis

University of Piraeus; Brookings Institution

Georgios E. Chortareas

University of Athens - Faculty of Economics; University of Essex - Department of Accounting, Finance & Management; King's College London

Evangelia Desli

Aristotle University of Thessaloniki - School of Economics

Date Written: 2002

Abstract

In this paper we examine for both economic convergence and openness convergence across the global economy and within specific regions. We find that convergence in openness is much more profound than income convergence. Moreover, convergence within regions takes place faster than convergence across the globe. We then examine for the effects of trade openness on income convergence. We use both trade openness indicators based on actual trade volumes as well as indices that rank countries according to trade policy openness. Finally, we consider the effects of such indices on openness convergence. We discuss our results in the context of the regionalism versus globalization debate.

Suggested Citation

Pelagidis, Theodore and Chortareas, Georgios and Desli, Evangelia, International Evidence on Convergence and Openness (2002). European Research Studies, 5(3-4), 2002, 91-105. Available at SSRN: https://ssrn.com/abstract=2039016 or http://dx.doi.org/10.2139/ssrn.2039016

Theodore Pelagidis (Contact Author)

University of Piraeus ( email )

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Georgios Chortareas

University of Athens - Faculty of Economics ( email )

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University of Essex - Department of Accounting, Finance & Management ( email )

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United Kingdom

King's College London ( email )

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London, England WC2R 2LS
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Evangelia Desli

Aristotle University of Thessaloniki - School of Economics ( email )

Thessaloniki, 54124
Greece

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