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Real convergence in Central and Eastern European EU member states

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  • Kulhánek, Lumír

Abstract

Central and Eastern European EU Member States have made considerable progress in the economic transition and integration into the European Union. Nevertheless, the challenges of real convergence will remain relevant for these countries in the medium and long term. This paper focuses on the process of the real economic convergence among the five Central European EU Countries: the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia. We have analysed both β and σ convergence in the period 1995-2011. The Central European EU countries are well positioned to catch up with the EU-15 average, however, the experience of the EU-15 countries shows that convergence cannot be taken for granted.

Suggested Citation

  • Kulhánek, Lumír, 2012. "Real convergence in Central and Eastern European EU member states," MPRA Paper 39822, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:39822
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    File URL: https://mpra.ub.uni-muenchen.de/39822/1/MPRA_paper_39822.pdf
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    References listed on IDEAS

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    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    2. Robert J. Barro & Xavier Sala-i-Martin, 2003. "Economic Growth, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262025531, January.
    3. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Ryszard Rapacki & Mariusz Próchniak, 2014. "The Impact of EU Membership on Economic Growth and Real Convergence of the Central and Eastern European Countries," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 39.

    More about this item

    Keywords

    Central European EU Countries; European integration; real convergence; β-convergence; σ-convergence;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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