Evaluation of the Income Convergence Hypothesis in Ten New Members of the European Union. A Panel Unit Root Approach

Ranjpour Reza () and Karimi Takanlou Zahra ()

Panoeconomicus, 2008, vol. 55, issue 2, 157-166

Abstract: In this paper, different tests of unit root in panel data are implemented for studying real economic convergence and catching-up in ten new members of European Union (EU) toward average EU per capita income and average of ancient members. We used the "EuroStat" quarterly real per capita output data on the period 1995 - 2005. The results support existence of absolute convergence and catching-up processes in sample countries towards EU standards. Key words: Growth, European Union, Convergence, Panel unit root, Catching-up.JEL: C12, C33, O47, O52.

Keywords: Growth; European Union; Convergence; Panel unit root; Catching-up (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://panoeconomicus.org/index.php/jorunal/article/view/244/235 (application/pdf)

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:voj:journl:v:55:y:2008:i:2:p:157-166:id:244

Access Statistics for this article

Panoeconomicus is currently edited by Kosta Josifidis

More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Bibliographic data for series maintained by Savez ekonomista Vojvodine, Novi Sad, Serbia ().