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Real Convergence in the New Member States: Myth or Reality?

Author

Listed:
  • Ingianni, Andrea

    (Kingston University)

  • Žd’árek, Václav

    (University of Economics in Prague)

Abstract

The paper analyses the process of real convergence of the New Member States of the European Union. Its importance is underlined in connection with a successful catching-up and a special attention is paid to the countries involved in the fifth European enlargement, with the exception of Cyprus and Malta. We note that, over the last decade, these economies experienced robust economic growth, which had a stronger impact on the convergence process within the EU8 group than to EU15. Our assumptions are investigated empirically by a comparison of beta and sigma-convergence analysis with time-series based stationarity and cointegration tests.

Suggested Citation

  • Ingianni, Andrea & Žd’árek, Václav, 2009. "Real Convergence in the New Member States: Myth or Reality?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 24, pages 294-320.
    • Handle: RePEc:ris:integr:0475
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    Citations

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    Cited by:

    1. Gül Ertan Özgüzer & Ayla Oğuş-Binatlı, 2016. "Economic Convergence in the EU: A Complexity Approach," Eastern European Economics, Taylor & Francis Journals, vol. 54(2), pages 93-108, March.
    2. Marta Christina Suciu & Adrian Petre & Laura Gabriela Istudor & Mircea Ovidiu Mituca & Gheorghe Alexandru Stativa & Diana Mardarovici & Oana Raluca Tofan & Razvan George Cotescu, 2021. "Testing Real Convergence as a Prerequisite for Long Run Sustainability," Sustainability, MDPI, vol. 13(17), pages 1-16, September.
    3. 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.
    4. Matkowski, Zbigniew & Prochniak, Mariusz & Rapacki, Ryszard, 2016. "Real Income Convergence between Central Eastern and Western Europe: Past, Present, and Prospects," EconStor Conference Papers 146992, ZBW - Leibniz Information Centre for Economics.
    5. Laurent Cavenaile & David Dubois, 2011. "An empirical analysis of income convergence in the European Union," Applied Economics Letters, Taylor & Francis Journals, vol. 18(17), pages 1705-1708.
    6. Ingianni, Andrea, 2012. "Intra-European Union trade openness and new members’ output convergence: A time-series analysis," Economics Discussion Papers 2012-5, School of Economics, Kingston University London.
    7. Mirjana Gligoric, 2014. "Paths Of Income Convergence Between Country Pairs Within Europe," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(201), pages 123-156, April – J.
    8. Aleksejs Melihovs & Igors Kasjanovs, 2011. "The Convergence Processes in Europe and Latvia," Discussion Papers 2011/01, Latvijas Banka.
    9. Hałka, Aleksandra & Leszczyńska-Paczesna, Agnieszka, 2019. "Price convergence in the European Union – What has changed?," Economic Modelling, Elsevier, vol. 79(C), pages 226-241.

    More about this item

    Keywords

    real convergence; EU enlargement; time series;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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