Regional Income Convergence in the Philippines
Kaoru Hosono and Hideki Toya
Faculty of Economics
Nagoya City University
Index
1. Introduction
2. Data
3. The Absolute Convergence
- 3.1 Stylized Facts
- 3.2 Statistical tests
4. Conditional Convergence
5. The Effects of Human Capital and Inflation Rate on the Steady State Income Level
6. Conclusion
Appendix 1. Price and Income Data
Appendix 2. Trends in Regional CPI
E-mail: coe-admi@ier.hit-u.ac.jp