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Institutional and Socio-Economic Convergence in the European Union

Author

Listed:
  • Jordi Lopez-Tamayo

    (AQR Research Group-IREA, Universitat de Barcelona, Spain)

  • Raul Ramos

    (AQR Research Group-IREA, Universitat de Barcelona, Spain)

  • Jordi Surinach

    (AQR Research Group-IREA, Universitat de Barcelona, Spain)

Abstract

The objective of this paper is to analyze convergence in institutional, social, and macroeconomic conditions between EU member states. Our analysis covers the period 1995-2013 and considers the potential impact of the Great Recession. With this aim, we use a composite indicator that combines information from 51 hard and soft indicators, and we estimate convergence equations for the composite indicator and its seven dimensions considering different country groups. The obtained results show evidence of conditional convergence among EU member states but limited evidence of unconditional convergence over the considered period.

Suggested Citation

  • Jordi Lopez-Tamayo & Raul Ramos & Jordi Surinach, 2014. "Institutional and Socio-Economic Convergence in the European Union," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 16(2), pages 5-28, December.
    • Handle: RePEc:iez:survey:ces-v16_12-2014_lopez-ramos-surinach
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    References listed on IDEAS

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    Cited by:

    1. Valentina Vučković & Ružica Šimić Banović & Martina Basarac Sertić, 2021. "Governance Trends among New EU Member States: Is There Institutional Convergence?," Sustainability, MDPI, vol. 13(24), pages 1-15, December.
    2. Saud, Shah & Haseeb, Abdul & Haider Zaidi, Syed Anees & Khan, Irfan & Li, Huiyun, 2024. "Moving towards green growth? Harnessing natural resources and economic complexity for sustainable development through the lens of the N-shaped EKC framework for the European Union," Resources Policy, Elsevier, vol. 91(C).

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    More about this item

    Keywords

    convergence; economic performance; social indicators; institutional quality; European Union;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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