Convergence Analysis: Sigma Convergence among Regions of Armenia
(2010) EKHR21 20101Department of Economic History
- Abstract
- Despite being small-size and compact country – with only 200 kilometers stretch from far East to West – the economy of Armenia faces significant spatial differentiation in income levels and is characterized by high concentrations of population, economic and business activities in the capital city with peripheral regions lagging behind economic activity and wages. By using the data on monthly average wages of the Marzes (provinces) this paper seeks to empirically test the hypothesis of income level (wages) divergence in the country using the method of Sigma convergence. By estimating the trend line of the dispersion (coefficient of variation) in monthly average wages among the regions of Armenia I come to a conclusion that income levels... (More)
- Despite being small-size and compact country – with only 200 kilometers stretch from far East to West – the economy of Armenia faces significant spatial differentiation in income levels and is characterized by high concentrations of population, economic and business activities in the capital city with peripheral regions lagging behind economic activity and wages. By using the data on monthly average wages of the Marzes (provinces) this paper seeks to empirically test the hypothesis of income level (wages) divergence in the country using the method of Sigma convergence. By estimating the trend line of the dispersion (coefficient of variation) in monthly average wages among the regions of Armenia I come to a conclusion that income levels between the regions of Armenia tend to converge over the analyzed time frame. This finding, however, should be interpreted with caution due to the revealed two sub-periods of divergence among the regions in wages. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1666359
- author
- Iskandaryan, Artur LU
- supervisor
-
- Mats Olsson LU
- organization
- course
- EKHR21 20101
- year
- 2010
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- regional disparities, Sigma convergence, income levels divergence, inequality
- language
- English
- id
- 1666359
- date added to LUP
- 2010-09-02 11:55:19
- date last changed
- 2010-09-02 11:55:19
@misc{1666359, abstract = {{Despite being small-size and compact country – with only 200 kilometers stretch from far East to West – the economy of Armenia faces significant spatial differentiation in income levels and is characterized by high concentrations of population, economic and business activities in the capital city with peripheral regions lagging behind economic activity and wages. By using the data on monthly average wages of the Marzes (provinces) this paper seeks to empirically test the hypothesis of income level (wages) divergence in the country using the method of Sigma convergence. By estimating the trend line of the dispersion (coefficient of variation) in monthly average wages among the regions of Armenia I come to a conclusion that income levels between the regions of Armenia tend to converge over the analyzed time frame. This finding, however, should be interpreted with caution due to the revealed two sub-periods of divergence among the regions in wages.}}, author = {{Iskandaryan, Artur}}, language = {{eng}}, note = {{Student Paper}}, title = {{Convergence Analysis: Sigma Convergence among Regions of Armenia}}, year = {{2010}}, }