Economic convergence of the Eastern Partnership countries towards the EU-13
Dzenita Siljak () and
Sándor Gyula Nagy ()
Additional contact information
Dzenita Siljak: Institute for Foreign Affairs and Trade, Budapest, Hungary
Sándor Gyula Nagy: Institute for Foreign Affairs and Trade, Budapest, Hungary
Eastern Journal of European Studies, 2018, vol. 9(2), 169-185
The aim of the paper is to analyse if the Eastern Partnership countries converge towards the new Member States of the European Union, the EU-13. Beta convergence, which is based on the neoclassical growth theory, tests the hypothesis that poor countries tend to grow faster than rich countries, in per capita terms. The analysed period is 2004-2016, with two sub-periods: 2004-2008 and 2009-2013. The subdivision is made in order to test the research hypotheses. The first hypothesis is that the recent financial crisis negatively affected the absolute convergence process among the analysed countries. The second hypothesis is that the recent financial crisis negatively affected the conditional convergence process among the countries. The empirical findings support the economic convergence hypothesis, and the convergence rates range 1.6%-3.8%. The results show that the recent financial crisis negatively affected only absolute convergence. Negative effects of the crisis on conditional convergence are not confirmed.
Keywords: Beta convergence; Eastern Partnership; European Union; New Member States; financial crisis, (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jes:journl:y:2018:v:9:p:169-185
Access Statistics for this article
More articles in Eastern Journal of European Studies from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().