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Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)

Author

Listed:
  • Balázs Forgó
  • Anton Jevcák

Abstract

This paper takes stock of the progress achieved by the ten Central and Eastern European countries, which entered the EU in 2004 and 2007, in terms of their real and nominal economic convergence visà-vis the twelve EU Member States which were part of the euro area in 2004. It thus offers a longerterm perspective on the convergence process while providing a horizontal, cross-country comparison of convergence. Due to its different perspective and purpose, the paper does not assess the compliance with the formal criteria for euro adoption. The paper shows that between 2004 and 2014 most of these countries achieved significant real and nominal convergence vis-à-vis the initial twelve euro-area members.

Suggested Citation

  • Balázs Forgó & Anton Jevcák, 2015. "Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)," European Economy - Discussion Papers 001, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:dispap:001
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    File URL: https://economy-finance.ec.europa.eu/publications/economic-convergence-central-and-eastern-european-eu-member-states-over-last-decade-2004-2014_en
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    Citations

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    Cited by:

    1. Jutta Gunther & Gresa Latifi & Judyta Lubacha-Sember & Daniel Tobelmann, 2017. "Scientific Cooperation in a German-Polish Border Region in the Light of EU Enlargement," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(1), pages 42-53.
    2. Michał Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Institutions and Total Factor Productivity in the European Union," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 17(3), pages 497-514, September.
    3. Valerija Botric & Tanja Broz, 2016. "Exploring CESEE-EMU Synchronisation Patterns," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(42), pages 255-255, May.
    4. Balcerzak Adam P. & Pietrzak Michał Bernard, 2016. "Quality of Institutions and Total Factor Productivity in the European Union," Statistics in Transition New Series, Polish Statistical Association, vol. 17(3), pages 497-514, September.
    5. Michal Bernardelli & Mariusz Prochniak & Bartosz Witkowski, 2017. "The application of hidden Markov models to the analysis of real convergence," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 17, pages 59-80.
    6. Jan Witajewski-Baltvilks, 2016. "Catching up in Czech Republic, Hungary and Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 47(4), pages 319-340.

    More about this item

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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