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

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Listed:
  • Magdalena Osinska
  • Karolina Kluth

Abstract

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.

Suggested Citation

  • 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.
    • Handle: RePEc:ers:journl:v:xiii:y:2010:i:4:p:139-156
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    convergence; economic growth; co integration; economic crisis;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables

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