Economics at your fingertips  

On the Relationship between Economic Integration, Business Environment and Real Convergence: The Experience of the CEE Countries

Agnieszka Głodowska () and Bożena Pera ()
Additional contact information
Agnieszka Głodowska: Department of International Trade, Cracow University of Economics, 31-510 Kraków, Poland
Bożena Pera: Department of International Trade, Cracow University of Economics, 31-510 Kraków, Poland

Economies, 2019, vol. 7, issue 2, 1-19

Abstract: The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries towards Western European countries (EU15) in years 1995–2016. Additionally, the paper aims to show the interaction between economic integration and convergence as well as business environment and growth. The study methods applied in in the article are analysis of the literature and wide range of quantitative methods (descriptive statistics. regression models (OLS and panel), the elements of taxonomic analysis (cluster analysis and Clark’s coefficient of divergence). In the study years, CEE10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration on convergence was confirmed as well as the dependence of growth from the business environment in EU10. The added value of the study is the combination of three important research problems: convergence, economic integration and business environment. In addition, the research area concerns the CEE countries, which is very desirable. Many prior studies suggested to elaborate development and business processes in emerging countries like CEE. Thus, the article tries to fulfill this research needs. It has not only cognitive but also utilitarian values. The research results can be taken into consideration by policy makers to create an appropriate development policy and a conducive business environment.

Keywords: convergence; integration; economic growth; business environment; European Union; CEE countries (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

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:

Access Statistics for this article

Economies is currently edited by Prof. Dr. Ralf Fendel

More articles in Economies from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

Page updated 2020-04-28
Handle: RePEc:gam:jecomi:v:7:y:2019:i:2:p:54-:d:238890