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Evaluation of the Income Convergence Hypothesis in Ten New Members of the European Union. A Panel Unit Root Approach

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  • Ranjpour Reza

    ()
    (Univercit 0064e Nice Sophia Antipolis, CEMAFI, France)

  • Karimi Takanlou Zahra

    ()
    (Univercit 0064e Nice Sophia Antipolis, CEMAFI, France)

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    Abstract

    In this paper, different tests of unit root in panel data are implemented for studying real economic convergence and catching-up in ten new members of European Union (EU) toward average EU per capita income and average of ancient members. We used the EuroStat quarterly real per capita output data on the period 1995 - 2005. The results support existence of absolute convergence and catching-up processes in sample countries towards EU standards.

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    Bibliographic Info

    Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

    Volume (Year): 55 (2008)
    Issue (Month): 2 (June)
    Pages: 157-166

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    Handle: RePEc:voj:journl:v:55:y:2008:i:2:p:157-166

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    Web page: http://www.panoeconomicus.rs/

    Related research

    Keywords: Growth; European Union; Convergence; Panel unit root; Catching-up;

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    Cited by:
    1. Jose M. Pastor & Lorenzo Serrano, 2011. "European integration and inequality among countries: a lifecycle income analysis," ERSA conference papers ersa10p1424, European Regional Science Association.
    2. Baafi Antwi, Joseph, 2010. "Ghana's Economic Growth in perspective: A time series approach to Convergence and Growth Determinants," MPRA Paper 23455, University Library of Munich, Germany, revised 12 Jun 2010.
    3. Magdalena Osinska & Karolina Kluth, 2010. "Convergence of Greek Economy with the EU and Some Comparisons with Polish Experience," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 139-156.
    4. Marta C. N. Simões, 2011. "Education Composition and Growth: A Pooled Mean Group Analysis of OECD Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(4), pages 455-471, December.
    5. Guochen Pan & Sen-Sung Chen & Tsangyao Chang, 2012. "Does Gibrat’s Law Hold in the Insurance Industry of China? A Test with Sequential Panel Selection Method," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(3), pages 311-324, June.
    6. Hao Fang & Yen-Hsien Lee, 2013. "Are the Global REIT Markets Efficient by a New Approach?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(6), pages 743-757, December.

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