Structural Convergence of the Labour Productivity of the Bulgarian Economy with the Euro Area

Silvia Gospodinova

Economic Studies journal, 2025, issue 4, 98-123

Abstract: The study analyzes the process of convergence of labour productivity (LP) of the Bulgarian economy to the Eurozone for the period 2000-2022. With the help of descriptive and beta and sigma convergence analysis, the dynamics of this indicator are examined and it is compared with the CEE countries. The quantitative analysis of the convergence process was carried out using an index of difference and a divergence index, which were again compared with the values of the CEE countries and the Eurozone. The results show a slow process of convergence of the LP of the Bulgarian economy with that of the Eurozone, which continues throughout the period under review, although there are also moments of slight fluctuations.

JEL-codes: E24 E52 F02 F15 L16 O47 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2025:i:4:p:98-123

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