EconPapers    
Economics at your fingertips  
 

Regional convergence in CEE before and after the Global Financial Crisis

Larisa Smirnykh and Andreas Woergoetter
Additional contact information
Andreas Woergoetter: TU Wien

Authors registered in the RePEc Author Service: Andreas Wörgötter ()

No 33, IHS Working Paper Series from Institute for Advanced Studies

Abstract: In this study we analyze the convergence of GDP per capita from 2000 to 2013 (current prices and euro exchange rates) for eight countries (Czech Republic, Slovakia, Slovenia, Hungary, Poland, Estonia, Latvia and Lithuania) of the European Union (CEE8). Some convergence indicators are also calculated for the CEE8 as a whole. The main purpose of this study is to shed some light on the impact of the Global Financial Crisis (GFC) on regional convergence in advanced emerging countries, like the CEE8. The main result of random effects panel regressions for unconditional beta-convergence is that significant convergence is found for the whole period from 2000-2013, but not for sub-periods on either end of the sample, except for Hungary and Poland. This means that convergence in most CEECs is only significant if the GFC is included in the estimation period. The role of capital regions for the convergence process is an item for future research.

Pages: 27 pages
Date: 2021-05
New Economics Papers: this item is included in nep-cis, nep-eec and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://irihs.ihs.ac.at/id/eprint/5857/ First version, 2021 (application/pdf)

Related works:
Working Paper: Regional convergence in CEE before and after the Global Financial Crisis (2021) Downloads
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:ihs:ihswps:33

Ordering information: This working paper can be ordered from
Institute for Advanced Studies - Library, Josefstädterstr. 39, A-1080 Vienna, Austria

Access Statistics for this paper

More papers in IHS Working Paper Series from Institute for Advanced Studies Josefstädterstr. 39, A-1080 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Doris Szoncsitz ().

 
Page updated 2025-03-30
Handle: RePEc:ihs:ihswps:33