Absolute beta convergence in liberated communist countries of Europe

Shahdad Naghshpour and Bruno S. Sergi

International Journal of Economic Policy in Emerging Economies, 2009, vol. 2, issue 1, 63-75

Abstract: It was not possible to test the neoclassical convergence theory on communist countries until the collapse of communism. The method of beta convergence indicates divergence among the liberated countries of Southeast Europe from 1980-2006. A more advanced quantile regression also indicates divergence of growth rates among these countries. However, when the study period is divided into communist period, transition period, and democracy era some evidence of convergence during democratic period becomes evident. This supports the neoclassical growth theory, which indicates poorer countries grow much faster than richer nations resulting in smaller gap among them.

Keywords: beta convergence; democracy; Europe; income; economic policy; emerging economies; Southeast Europe; former communist countries; economic growth. (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=22941 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijepee:v:2:y:2009:i:1:p:63-75

Access Statistics for this article

More articles in International Journal of Economic Policy in Emerging Economies from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().