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The role of political institutions in the Eurozone's economic convergence process

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dc.contributor.authorLópez Gómez, Laura
dc.contributor.departmentEconomía Aplicada
dc.date.accessioned2026-02-10T13:27:49Z
dc.date.available2026-02-10T13:27:49Z
dc.date.copyright© The Author 2024.
dc.date.issued2024
dc.description.abstractThis paper investigates the nexus between per capita income convergence and political institutions within the Eurozone. Employing data spanning the years 2002–2019, the research initially identifies multiple convergence clusters and subsequently examines the relationship between the creation of these clusters and different aspects of political institutions. The findings reveal that there are multiple steady states in the Eurozone, and their formation is notably influenced by political institutions alongside other conventional economic determinants derived from the Solow model. Furthermore, the study underscores that improvements in regulatory quality, as well as in aspects such as democracy, government effectiveness, and corruption control, positively impact income convergence across all member countries. These findings carry significant policy implications.
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dc.identifier.citationLopez-Gomez, L. (2024). The role of political institutions in the Eurozone’s economic convergence process. Journal of Institutional Economics, 20, e29. doi:10.1017/S1744137424000213
dc.identifier.doi10.1017/S1744137424000213
dc.identifier.eissn1744-1382
dc.identifier.issn1744-1374
dc.identifier.urihttp://hdl.handle.net/10201/203341
dc.languageeng
dc.publisherCambridge University Press
dc.relationSin financiación externa a la Universidad
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectEurozone
dc.subjectInstitutions
dc.subjectPolitical
dc.subjectConvergence
dc.subject.odsObjetivo 10: Reducir las desigualdades entre países y dentro de ellos
dc.subject.odsObjetivo 8: Crecimiento económico
dc.titleThe role of political institutions in the Eurozone's economic convergence process
dc.typeinfo:eu-repo/semantics/article
dc.type.versioninfo:eu-repo/semantics/submittedVersion
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relation.isAuthorOfPublication.latestForDiscoveryacb0acd8-0046-49a9-a652-aaed93f02203
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