Convergence Analysis Among the Ten European Transition Economies

Borut Vojinović, Sanjaya Acharya and Mariusz Próchniak ()

Hitotsubashi Journal of Economics, 2009, vol. 50, issue 2, 17-35

Abstract: This paper presents the analysis of sigma (σ) and beta (β) convergences of per capita GDP among the 10 European countries which accessed the European Union in 2004. Our results confirm the existence of both types of convergence in the second half of the 1990s and the 2000s. Generally, the poorer and new EU member states grew faster than the richer new EU member states. As a result, the income gap between these two groups of countries has narrowed although it still remains quite large. The convergence occurred at the rate of 4.2% during the period 1992-2006 and 7.0% and 9.6% during the sub periods 1995-2006 and 2002-2006, respectively.

Keywords: economic growth; economic convergence; transition economies; European Union (search for similar items in EconPapers)
JEL-codes: F02 F43 O11 O19 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/18049/HJeco0500200170.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:hit:hitjec:v:50:y:2009:i:2:p:17-35

DOI: 10.15057/18049

Access Statistics for this article

More articles in Hitotsubashi Journal of Economics from Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Digital Resources Section, Hitotsubashi University Library ().