 Convergence among the CEE-8 economies and their catch-up towards the EU-15Andrzej Cieślik and Dominika Róża Wciślik Structural Change and Economic Dynamics, 2020, vol. 55, issue C, 39-48 Abstract: The enlargement of the European Union in 2004 to include Central and Eastern European countries has revived the convergence debate. This study concentrates on the empirical investigation of real GDP per capita convergence between the CEE-8 and their catch-up towards the old EU-15 member states. The empirical study is based on the innovative analytical framework of convergence testing proposed by Phillips and Sul that accounts for heterogeneity in technological progress across countries. Our empirical results indicate that in the EU-15 no distinct convergent patterns exist. However, there is convergence among the CEE-8 countries. Moreover, the hypothesis of the CEE-8 convergence towards the old EU-15 is rejected. Nevertheless, the CEE-8 seem to be converging towards two largest EU countries: Germany and France. Keywords: Catch-up effect; Central and Eastern European countries; Convergence; Economic growth (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:55:y:2020:i:c:p:39-48 DOI: 10.1016/j.strueco.2020.07.006 Access Statistics for this article Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen More articles in Structural Change and Economic Dynamics from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.