The issue of convergence: New empirical evidence for the Central Eastern Europe area

E.tsanana and Constantinos Katrakilidis

Applied Econometrics and International Development, 2016, vol. 16, issue 1, 53-62

Abstract: This paper explores empirically the convergence path in selected Central Eastern European (CEE) economies. The empirical analysis uses per capita Gross Domestic Product (GDP) in Purchasing Power Parity (PPP) in constant prices of 2005 and covers the period 1980-2010. The empirical investigation relies on Nahar - Inder’s (2002) methodology in combination with the testing procedure of Bai - Perron (2003) to take into consideration the presence of possible structural breaks. The results demonstrate remaining disparities and support evidence in favor of catching up with EU-15 and the EU-27 averages only for three out of the ten examined economies.

Keywords: catching up; structural breaks; CEE countries (search for similar items in EconPapers)
JEL-codes: C32 C33 O47 O52 (search for similar items in EconPapers)
Date: 2016
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