Economic Convergence and Structural Change: the Role of Transition and EU Accession
Rumen Dobrinsky () and
Additional contact information
Rumen Dobrinsky: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/rumen-dobrinsky-s-84.html
No 395, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw
Summary This paper analyses the speed and patterns of economic convergence in the new EU Member States of Central and Eastern Europe during transition and the first years of EU membership. After a brief discussion of measurement and data issues, the paper provides stylised facts on growth and convergence in Europe, and explores various convergence measures proposed in the growth literature. It employs several analytical approaches in order to reveal convergence speed and patterns univariate growth regressions, multivariate econometric analysis, including the testing of convergence models and running different growth regressions. The aim is to look at various aspects of convergence processes by using alternate approaches and then, by putting those together, to seek common and distinct features. We confirm that the one-off direct negative effects of the crisis on GDP growth were considerably stronger in the case of NMS. The growth patterns were interrupted and the convergence process slowed down. The paper underlines the significant, sometimes even increasing, heterogeneity of growth, pointing more generally to uneven economic convergence within the EU. This concerns not only the lasting differences between the NMS and the rest of the EU, but also significant dissimilarities between the growth patterns among individual countries within each of these subgroups.
Keywords: economic growth; growth determinants; real convergence; European Union; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: C21 C23 O11 O40 O52 O57 F43 F63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg, nep-gro and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed
Published as wiiw Research Report
Downloads: (external link)
https://wiiw.ac.at/economic-convergence-and-struct ... cession-dlp-3357.pdf (application/pdf)
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:wii:rpaper:rr:395
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().