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The Process of Economic and Institutional Convergence of Central and Eastern European Countries

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  • Petre Prisecaru

Abstract

In this article it is investigated the subject of real convergence of Central and Eastern European countries on the basis of some theories and models used in the analysis of this process, also the effects of recent crisis upon convergence, the latest results of real convergence and the deficiencies of policies and governance in this field. It is presented EU cohesion policy, the recent achievements and developments of this instrument used for strengthening the convergence, and some conclusions regarding the real prospects of development and convergence of the respective states.

Suggested Citation

  • Petre Prisecaru, 2013. "The Process of Economic and Institutional Convergence of Central and Eastern European Countries," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 5(4), December.
    • Handle: RePEc:iem:journl:v:5:y:2013:i:4:id:121951000000734633
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/125/131
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    Keywords

    convergence; cohesion; econometric model; growth; investment; development gap;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F15 - International Economics - - Trade - - - Economic Integration
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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