The study analyzes the time stability of the beta convergence coefficient for the EU28 countries over the 1992–2012 period which is divided into seventeen 5‐year overlapping subperiods. The basic convergence model is estimated with the use of GMM system estimator and a variety of control...

In this paper, β convergence analysis for the 27 EU member countries and the 1993-2010 period is conducted. The analysis uses an Bayesian model averaging (BMA) approach applied to Blundell and Bond’s GMM system estimator with the existence of structural breaks. In order to account for the...

The paper aims to assess the impact of regulations (measured by the Heritage Foundation index of economic freedom) on economic growth. The method of the analysis is based on growth regressions where economic freedom is included in the set of explanatory variables, along with some other control...

The paper aims to assess the impact of regulations (measured by the Fraser Institute index of economic freedom) on economic growth in the world as well as in EU and post-socialist countries. The method of the analysis is based on growth regressions where economic freedom is included in the set...

The study examines the relationship between the regulatory variables and economic growth on the basis of Bayesian model pooling applied to Blundell and Bond’s GMM system estimator. The areas of regulations (institutions) are measured by the following indicators: index of economic freedom,...

This study analyzes the time stability of both the GDP beta convergence and the impact of monetary policy variables on economic growth in EU27 countries during 1993-2010 and EU15 during 1972-2010. To address the problem of variables’ selection, Bayesian model pooling (BMP) is used while...

This study analyzes the time stability of both the GDP beta convergence and the impact of monetary policy variables on economic growth in EU27 countries during 1993-2010 and EU15 during 1972-2010. To address the problem of variables' selection, Bayesian model pooling (BMP) is used while choosing...

According to the convergence hypothesis, less developed countries exhibit faster economic growth than more developed ones, that leads to the equalization of income levels between countries. The aim of the article is to verify the β convergence hypothesis in the entire EU28 group basing on the...