Balkan Area and EU-15: An Empirical Investigation of Income Convergence

Eftychia Tsanana (), Constantinos Katrakilidis and Panagiotis Pantelidis ()
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Eftychia Tsanana: Aristotle University of Thessaloniki
Panagiotis Pantelidis: Serres, TEI of Serres

A chapter in Balkan and Eastern European Countries in the Midst of the Global Economic Crisis, 2013, pp 23-33 from Springer

Abstract: Abstract This paper empirically explores the issue of income convergence of the Balkan economies with the European Union’s-15 average (EU-15) over the period 1989–2009. The adopted econometric methodology has been suggested by Nahar and Inder (2002) and is considered more efficient in detecting possible catching up effects compared to the relevant conventional methods. The findings of this paper point out the existence of dissimilarities among the examined Balkan economies in the process to catch up with the EU-15. In particular, the results support income convergence with the EU-15 only for Greece and Slovenia.

Keywords: European Union; Balance Growth Path; Balkan Country; North Atlantic Treaty Organization; Neoclassical Growth Model (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2873-3_2

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DOI: 10.1007/978-3-7908-2873-3_2

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