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long period of time, this convergence development has weakened or even turned into divergence in the last one to two … decades. This paper provides an overview of the empirical evidence for these convergence and divergence developments and …
Persistent link: https://www.econbiz.de/10012611661
long period of time, this convergence development has weakened or even turned into divergence in the last one to two … decades. This paper presents empirical evidence for these convergence and divergence developments and develops policy …
Persistent link: https://www.econbiz.de/10013244980
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011755500
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10012941989
This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real income convergence for economic welfare and the importance...
Persistent link: https://www.econbiz.de/10011877426
panel), the elements of taxonomic analysis (cluster analysis and Clark's coefficient of divergence). In the study years, CEE …
Persistent link: https://www.econbiz.de/10012021613
This paper studies the productivity effects of integration deepening. The identification strategy exploits the 1995 European Union (EU) enlargement, when all candidate countries joined the Single Market but one - Norway - did not join the EU. Our synthetic difference-in-differences estimates on...
Persistent link: https://www.econbiz.de/10012698068
Building on the three-sector-hypothesis, the New Theory of Trade, and the New Economic Geography, we investigate the development of economic structures of European countries over the last three decades using employment data. We test for structural convergence which we analyze on the aggregate...
Persistent link: https://www.econbiz.de/10003735100
This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real income convergence for economic welfare and the importance...
Persistent link: https://www.econbiz.de/10013315414
This article aims to answer the question of whether a membership in the European Union contributed to an accelerated economic growth of eleven Central and Eastern European (CEE or EU11) countries, including their real convergence to the economic development level of Western Europe (EU15). The...
Persistent link: https://www.econbiz.de/10012259712