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Convergence Analysis Among the Ten European Transition Economies

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  • Vojinović, Borut
  • Acharya, Sanjaya
  • Próchniak, Mariusz

Abstract

This paper presents the analysis of sigma (σ) and beta (β) convergences of per capita GDP among the 10 European countries which accessed the European Union in 2004. Our results confirm the existence of both types of convergence in the second half of the 1990s and the 2000s. Generally, the poorer and new EU member states grew faster than the richer new EU member states. As a result, the income gap between these two groups of countries has narrowed although it still remains quite large. The convergence occurred at the rate of 4.2% during the period 1992-2006 and 7.0% and 9.6% during the sub periods 1995-2006 and 2002-2006, respectively.

Suggested Citation

  • Vojinović, Borut & Acharya, Sanjaya & Próchniak, Mariusz, 2009. "Convergence Analysis Among the Ten European Transition Economies," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 50(2), pages 17-35, December.
    • Handle: RePEc:hit:hitjec:v:50:y:2009:i:2:p:17-35
    DOI: 10.15057/18049
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    Cited by:

    1. Iwasaki, Ichiro & Kumo, Kazuhiro, 2016. "Decline and Growth in Transition Economies: A Meta-Analysis," CEI Working Paper Series 2016-9, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    2. Ana-Maria Holobiuc, 2021. "Real Convergence in the European Union. Bridging the Gap between the New and Old Member States," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2021(2), pages 29-50.
    3. Dzenita Siljak & Sandor Gyula Nagy, 2021. "The Effects of the Crisis on Convergence between the Eastern Partnership and EU-15 States," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 3-18.
    4. Daniel Stavárek & Lucie Tomanova, 2014. "Is the Region of Visegrad Countries on the Track to the Euro Area? Recent Evidence from the Real Convergence Perspective," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 130-139.
    5. Ning Wang & Zhigang Chen & Tianshu Li & Mengjia Zhen, 2022. "Spatiotemporal Pattern Evolution and Influence Mechanism of Urban Vertical Expansion: A Case Study of Jiangsu Province, China," Land, MDPI, vol. 11(3), pages 1-16, March.
    6. Justyna Supińska, 2013. "Does human factor matter for economic growth? Determinants of economic growth process in CEE countries in light of spatial theory," Bank i Kredyt, Narodowy Bank Polski, vol. 44(5), pages 505-532.
    7. Sándor Gyula Nagy & Dzenita Siljak, 2019. "Economic convergence of the Western Balkans towards the EU-15," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 11(1), pages 41-53.
    8. Cieślik, Andrzej & Wciślik, Dominika Róża, 2020. "Convergence among the CEE-8 economies and their catch-up towards the EU-15," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 39-48.
    9. Amat Adarov & Mario Holzner & Luka Sikic, 2016. "Backwardness, Industrialisation and Economic Development in Europe," wiiw Balkan Observatory Working Papers 123, The Vienna Institute for International Economic Studies, wiiw.
    10. Siljak Dzenita, 2018. "Beta Convergence among Former Socialist Countries," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 72-83, December.
    11. Siljak Dzenita & Nagy Sándor Gyula, 2019. "Do Transition Countries Converge towards the European Union?," TalTech Journal of European Studies, Sciendo, vol. 9(1), pages 115-139, June.
    12. Ana-Maria Holobiuc, 2020. "Income Convergence in the European Union: National and Regional Dimensions," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2020(2), pages 45-65.
    13. Andrzej Cieślik & Mehmet Burak Turgut, 2021. "Estimating the Growth Effects of 2004 Eastern Enlargement of the European Union," JRFM, MDPI, vol. 14(3), pages 1-15, March.
    14. Dzenita SILJAK & Sándor Gyula NAGY, 2018. "Economic convergence of the Eastern Partnership countries towards the EU-13," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9, pages 169-185, December.
    15. 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.

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    Keywords

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    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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