CONVERGENCE REVISITED: CASE OF EU AND EASTERN EUROPE

Olcay Colak ()
Additional contact information
Olcay Colak: Usak University, Faculty of Economics and Administrative Sciences, Department of Economics, 1 Eylul Kampusu, 64100/Ucak-TURKEY

Regional Science Inquiry, 2015, vol. VII, issue 1, 69-81

Abstract: This paper aims to analyze the convergence pattern of the Central and Eastern European (CEE) and South Eastern European (SEE) to the developed older member countries of European Union. In this context, by performing panel data analysis to 33 countries and each subgroup between 1993 and 2012, results reveal that there is a strong tendency on convergence for the new entrants of European Union after 2004 and for the candidate countries in terms of both convergence types which confirm the findings of neoclassical paradigm states that poorer countries will grow faster than richer ones. The speed of β convergence varies between 1.3 % to 4.2 for each group and the findings suggest that private domestic investment is the most leading determinant of growth and convergence process of Eastern European countries.

Keywords: β Convergence; σ Convergence; Eastern Europe (search for similar items in EconPapers)
JEL-codes: O11 O47 O52 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.rsijournal.eu/ARTICLES/June_2015/6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hrs:journl:v:vii:y:2015:i:1:p:69-81

Access Statistics for this article

Regional Science Inquiry is currently edited by Dr Christos Ap. Ladias

More articles in Regional Science Inquiry from Hellenic Association of Regional Scientists
Bibliographic data for series maintained by Dimitrios K. Kouzas ().