Advanced Search
MyIDEAS: Login

Empirics on real convergence within European Union: Is growth in EU sustainable?

Contents:

Author Info

  • Matjaz Novak

Abstract

Empirical analysis of the real convergence between old (EU15) and new (EU8) economies is the basic focus of this paper, which should importantly contribute to the extensive empirical literature. The basic motivation for the present analysis is mixed results regarding the convergence process between EU8 and EU15 obtained by different authors. Important contribution to the mixed results is provided by different methodological frameworks used. Therefore, we apply cross-section, panel data and time series framework and test for real convergence between the EU8 and EU15 economies. The obtained results indicate statistically significant negative relationship between average growth of labour productivity and initial value of labour productivity level. However, there is clear absence of systematic convergence between EU8 and EU15 economies. This implies that individual economies from the EU23 group (i.e. EU8 + EU15) converge to its individual steady state, but both group of economies (EU8 and EU15) have different steady states. This result, however, provokes hypothesis that integration of former socialist economies (also termed as advanced transition economies) has not caused the convergence of these economies towards the productivity level of advanced market economies represented as EU15.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.inderscience.com/link.php?id=42799
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Sustainable Economy.

Volume (Year): 3 (2011)
Issue (Month): 4 ()
Pages: 455-473

as in new window
Handle: RePEc:ids:ijsuse:v:3:y:2011:i:4:p:455-473

Contact details of provider:
Web page: http://www.inderscience.com/browse/index.php?journalID=301

Related research

Keywords: sustainability; convergence; EU integration; sustainable economy; economic growth; European Union.;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ids:ijsuse:v:3:y:2011:i:4:p:455-473. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.