Online ISSN 2286-0266
Print ISSN 1223-0685
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Marian MICU
Banca Reglementărilor Internaţionale
This paper tests for the existence of a non-linear pattern in the process of real economic convergence. It uses a sample of 88 countries for the period 1980-1999. The study shows significant non linear evolutions in the real convergence. Moreover, it indicates a changing importance of the determinants of convergence, depending upon a country’s stage of development. The leading factor, which may help fostering economic convergence, appears to be the quality of human capital. The results of the study may me used to draw some conclusions about Romania’s stage of development and the policies required to ensure a sustainable economic growth.

ŒCONOMICA no. 2/2006
Keywords: economic convergence, education, human capital , non-linear models
JEL: C12, O11, I22
Nelinearităţi în convergenţa reală