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Structural Convergence of the CEE Countries with the Euro Area: Evidence from the Distribution of Employment between the Economic Sectors

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  • Kristina Stefanova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This paper examines the structural convergence of the CEE countries with the euro area with respect to the distribution of employment between the economic sectors. The existence of such a process contributes to the synchronization of business cycles and the efficiency of monetary policy. The purpose of the paper is to explore in which member states a convergence process with the euro area exists and smaller dissimilarities are observed over the period 2000 – 2018. Through the evaluation of the divergence index and the application of sigma convergence analysis it is identified that employment structure convergence of most CEE countries towards the euro area exists. However, considerably less dissimilarities with the euro area are observed over the whole period in countries that currently use the euro.

Suggested Citation

  • Kristina Stefanova, 2020. "Structural Convergence of the CEE Countries with the Euro Area: Evidence from the Distribution of Employment between the Economic Sectors," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 1-49–63, December.
    • Handle: RePEc:nwe:godish:y:2020:i:1:p:49-63
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    More about this item

    Keywords

    structural convergence; CEE countries; employment; Euro area; divergence index;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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