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Convergence Revisited: Case Of Eu And Eastern Europe

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  • Olcay COLAK

    (Usak University, Faculty of Economics and Administrative Sciences, Department of Economics, 1 Eylul Kampusu, 64100/Ucak-TURKEY)

Abstract

This paper aims to analyze the convergence pattern of the Central and Eastern European (CEE) and South Eastern European (SEE) to the developed older member countries of European Union. In this context, by performing panel data analysis to 33 countries and each subgroup between 1993 and 2012, results reveal that there is a strong tendency on convergence for the new entrants of European Union after 2004 and for the candidate countries in terms of both convergence types which confirm the findings of neoclassical paradigm states that poorer countries will grow faster than richer ones. The speed of β convergence varies between 1.3 % to 4.2 for each group and the findings suggest that private domestic investment is the most leading determinant of growth and convergence process of Eastern European countries.

Suggested Citation

  • Olcay COLAK, 2015. "Convergence Revisited: Case Of Eu And Eastern Europe," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 69-81, June.
    • Handle: RePEc:hrs:journl:v:vii:y:2015:i:1:p:69-81
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    References listed on IDEAS

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    Cited by:

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    2. Maciej Stefański, 2020. "To What Extent does Convergence Explain the Slowdown in Potential Growth of the CEE Countries Following the Global Financial Crisis?," KAE Working Papers 2020-058, Warsaw School of Economics, Collegium of Economic Analysis.
    3. Dzenita Siljak & Sandor Gyula Nagy, 2021. "The Effects of the Crisis on Convergence between the Eastern Partnership and EU-15 States," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 3-18.
    4. Dimitar Eftimoski, 2020. "Some new insights on economic convergence and growth in Central, Eastern, and Southeastern Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 863-884, November.
    5. Marcin Grela & Aleksandra Majchrowska & Tomasz Michałek & Jakub Mućk & Agnieszka Stążka-Gawrysiak & Grzegorz Tchorek & Marcin Wagner, 2017. "Is Central and Eastern Europe converging towards the EU-15?," NBP Working Papers 264, Narodowy Bank Polski.
    6. Daniela- Luminița CONSTANTIN & Corina- Cristiana NASTACĂ & Emilia GEAMBASU, 2021. "Population Accessibility To Rail Services. Insights Through The Lens Of Territorial Cohesion," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 81-98, June.
    7. Daniela- Luminița CONSTANTIN & Corina- Cristiana NASTACĂ & Emilia GEAMBASU, 2021. "Population Accessibility To Rail Services. Insights Through The Lens Of Territorial Cohesion," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 81-101, June.
    8. Siljak Dzenita & Nagy Sándor Gyula, 2019. "Do Transition Countries Converge towards the European Union?," TalTech Journal of European Studies, Sciendo, vol. 9(1), pages 115-139, June.
    9. Thomai TASOPOULOU & Dimitrios TSIOTAS & Serafeim POLYZOS, 2023. "Investigating The Interaction Between The Topology Of Bus Transport Networks And Regional Development In Greece," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 25-46, June.
    10. Dzenita SILJAK & Sándor Gyula NAGY, 2018. "Economic convergence of the Eastern Partnership countries towards the EU-13," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9, pages 169-185, December.
    11. Sándor Gyula Nagy & Dzenita Siljak, 2019. "Economic convergence of the Western Balkans towards the EU-15," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 11(1), pages 41-53, February.

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    More about this item

    Keywords

    β Convergence; σ Convergence; Eastern Europe;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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