The study examines the concept of stochastic convergence in the EU28 countries over the 1994-2013 period. The convergence of individual countries’ GDP per capita toward the EU28 average per capita income level and the pair-wise convergence between the GDP of individual countries both are...

The study examines the concept of stochastic convergence in the EU28 countries over the 1994-2013 period. The convergence of individual countries' GDP per capita toward the EU28 average per capita income level and the pair-wise convergence between the GDP of individual countries both are...

"There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling off of GDP per capita rates across economies. In addition to a detailed, holistic overview of...