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Convergence at Last? : Evidence from Transition Countries

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  • SAŠO POLANEC

Abstract

This article reexamines the hypotheses of absolute and conditional convergence for a sample of twenty-five transition countries over the period from 1990 to 2002. After splitting the sample into three four-year periods, the hypotheses are confirmed only for the latest period of transition. For the early transition stage, we find a negative relation between productivity growth, on one hand, and the pace of price liberalization and initial conditions, measured by initial market distortions, on the other hand. In addition, past/ lagged institutional reforms are found to enhance productivity growth in the intermediate and advanced stages of transition. The confirmation of convergence for the latest stage of transition, however, should not yet be considered as a sign of a permanent return to convergence in these countries as it could be the result of differences in the transition cycles.

Suggested Citation

  • Sašo Polanec, 2004. "Convergence at Last? : Evidence from Transition Countries," Eastern European Economics, Taylor & Francis Journals, vol. 42(4), pages 55-80, July.
    • Handle: RePEc:mes:eaeuec:v:42:y:2004:i:4:p:55-80
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    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. Josip Tica & Viktor Viljevac & Matija Matiæ, 2023. "Employment rate and economic growth:The case of transition countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 41(1), pages 9-39.
    3. Valerija Botric, 2013. "Output Convergence between Western Balkans and EU-15," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 5(1).
    4. Misiak, Tadeusz & Tokarski, Tomasz & Włodarczyk, Robert W., . "Konwergencja czy dywergencja polskich rynków pracy?," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2011(7-8).
    5. Young-Sun Lee & Hyung-Gon Jeong, 2006. "The determinants of economic growth of transition economies: Economic reform versus initial conditions," International Economic Journal, Taylor & Francis Journals, vol. 20(2), pages 241-252.
    6. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Economic Growth: A Meta-Analysis," Working Papers 2013/08, Czech National Bank, Research and Statistics Department.
    7. Jan Babecky & Tomas Havranek, 2014. "Structural reforms and growth in transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(1), pages 13-42, January.
    8. Tadeusz Misiak & Tomasz Tokarski & Robert W. Włodarczyk, 2011. "Konwergencja czy dywergencja polskich rynków pracy?," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 7-8, pages 47-69.
    9. Cristian Incaltarau & Ilkhom Sharipov & Gabriela Carmen Pascariu & Teodor Lucian Moga, 2022. "Growth and convergence in Eastern Partnership and Central Asian countries since the dissolution of the USSR—embarking on different development paths?," Development Policy Review, Overseas Development Institute, vol. 40(1), January.
    10. Artelaris, Panagiotis & Arvanitidis, Paschalis & Petrakos, George, 2006. "Theoretical and Methodological Study on Dynamic Growth Regions and Factors Explaining their Growth Performance," Papers DYNREG02, Economic and Social Research Institute (ESRI).
    11. Spruk, Rok, 2011. "Productivity and income convergence in transition: theory and evidence from Central Europe," MPRA Paper 33389, University Library of Munich, Germany.
    12. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Growth in Transition: A Meta-Analysis," Working Papers IES 2013/14, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2013.

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