Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)

Balázs Forgó and Anton Jevcák

No 1, European Economy - Discussion Papers from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: This paper takes stock of the progress achieved by the ten Central and Eastern European countries, which entered the EU in 2004 and 2007, in terms of their real and nominal economic convergence visà-vis the twelve EU Member States which were part of the euro area in 2004. It thus offers a longerterm perspective on the convergence process while providing a horizontal, cross-country comparison of convergence. Due to its different perspective and purpose, the paper does not assess the compliance with the formal criteria for euro adoption. The paper shows that between 2004 and 2014 most of these countries achieved significant real and nominal convergence vis-à-vis the initial twelve euro-area members.

JEL-codes: E50 E63 F33 O52 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2015-07
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:dispap:001

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