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Transition, Integration and Catching Up: Income Convergence between Central and Eastern Europe and the European Union

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  • Nikolay Nenovsky
  • Kiril Tochkov

Abstract

Countries in Central and Eastern Europe (CEE) still exhibit lower income levels than the European Union (EU) average. This paper examines convergence in per-capita GDP between CEE and the EU over the period 1990-2012 using parametric and nonparametric methods. The results indicate initial divergence from the EU benchmark but strong convergence over the 2000s, even in the face of the global financial crisis. However, the income distribution evolved from a unimodal to a multimodal one, revealing growing disparities within CEE. Human capital and economic reforms promoted convergence, while financial deepening and price instability had a negative effect.

Suggested Citation

  • Nikolay Nenovsky & Kiril Tochkov, 2014. "Transition, Integration and Catching Up: Income Convergence between Central and Eastern Europe and the European Union," Mondes en développement, De Boeck Université, vol. 0(3), pages 73-92.
    • Handle: RePEc:cai:meddbu:med_167_0073
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    Citations

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    Cited by:

    1. Souleymane DAO & Nikolay NENOVSKY & Kiril TOCHKOV, 2016. "Intégration monétaire et convergence des revenus en zone CFA (Réflexions autour d’une étude empirique)," LEO Working Papers / DR LEO 2411, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    2. 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.
    3. Zaytsev, Alexander, 2014. "Душевой Ввп И Производительность Труда В России: Было Ли Догоняющее Развитие? [Russia`s per capita and per hour GDP dynamics: have we seen the cathing-up?]," MPRA Paper 56312, University Library of Munich, Germany.
    4. Ovidiu Stoica & Angela Roman & Delia-Elena Diaconașu, 2019. "Real Convergence and European Integration with Focus on the New Member States," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 66(si), pages 215-228, December.
    5. Matkowski, Zbigniew & Prochniak, Mariusz & Rapacki, Ryszard, 2016. "Real Income Convergence between Central Eastern and Western Europe: Past, Present, and Prospects," EconStor Conference Papers 146992, ZBW - Leibniz Information Centre for Economics.
    6. Goran Radosavljeviæ & Mihajlo Babin & Miloš Eriæ & Jelisaveta Lazareviæ, 2020. "Income convergence between Southeast Europe and the European Union," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 38(2), pages 499-519.
    7. HOUBENOVA-DELISIVKOVA, Tatiana, 2015. "Contemporary Tendencies In The Development Of The Financial Sector In Bulgaria In The Context Of The Regulative Changes In The Eu," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 76-91.
    8. Zaytsev, Alexander, 2014. "Оценка Догоняющего Развития На Уровне Стран И Регионов: Методический Комментарий [Assessing the catching-up on country and regional level: methodological comments]," MPRA Paper 57375, University Library of Munich, Germany.
    9. Souleymane Ndao & Nikolay Nenovsky & Kiril Tochkov, 2019. "Does monetary integration lead to income convergence in Africa? a study of the CFA monetary area," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 18(2), pages 67-85, June.

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