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Convergence of Greek Economy with the EU and Some Comparisons with Polish Experience

  • Magdalena Osinska
  • Karolina Kluth

The paper aims to analyze economic situation in Greece and in Poland with comparison to the European Union. The basis for the analysis has been made by the theory of economic convergence. The newest statistical data concerning GDP per inhabitant were used in the study. In the analysed countries only for time series approach both unconditional and conditional convergence between the countries was confirmed, i.e. GDP per inhabitant in Greece, Poland and both the EU sections were co integrated. The results of the test for integration and co integration based on the panel data did not support the unconditional convergence.

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File URL: http://www.ersj.eu/repec/ers/papers/10_4_p9.pdf
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Article provided by European Research Studies Journal in its journal European Research Studies Journal.

Volume (Year): XIII (2010)
Issue (Month): 4 ()
Pages: 139-156

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Handle: RePEc:ers:journl:v:xiii:y:2010:i:4:p:139-156
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  1. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
  2. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-85, December.
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  9. Vasco M.Carvalho & Andrew C.Harvey, 2002. "Growth, Cycles and Convergence in US Regional Time Series," Cambridge Working Papers in Economics 0221, Faculty of Economics, University of Cambridge.
  10. Urmas Varblane & Priit Vahter, 2005. "An Analysis Of The Economic Convergence Process In The Transition Countries," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 37, Faculty of Economics and Business Administration, University of Tartu (Estonia).
  11. Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-80, November.
  12. Evans, Paul & Karras, Georgios, 1996. "Do Economies Converge? Evidence from a Panel of U.S. States," The Review of Economics and Statistics, MIT Press, vol. 78(3), pages 384-88, August.
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