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Output Convergence between Western Balkans and EU-15

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  • Valerija Botric

    (Institute of Economics, Zagreb)

Abstract

This paper analyses the relative position of the Western Balkan countries (ex-Yugoslavia countries and Albania) in comparison to more advanced European economies in the context of possible further EU enlargement. First, the question of convergence between Western Balkan countries and the EU-15 is empirically estimated. The paper also discusses the evolution of the gap and the possible determinants that could act in the direction of its decrease. The main findings are that Western Balkan countries show no sign of convergence. Furthermore, the factors that should contribute to closing the gap are not widely featured in the analysed countries.

Suggested Citation

  • 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).
    • Handle: RePEc:ttu:rebcee:43
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    1. Peter Howard-Jones & Jens Hölscher & Dragana Radicic, 2017. "Firm Productivity In The Western Balkans: The Impact Of European Union Membership And Access To Finance," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 62(215), pages 7-52, October –.

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