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Reálná konvergence České republiky k Evropské unii v porovnání s ostatními novými členskými zeměmi
[Real convergence of the Czech republic to the EU in comparison with the other new member countries]

Author

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  • Ctirad Slavík

Abstract

The paper analyzes the process of real convergence of the Czech Republic and the other new EU member countries towards the old EU. The new member countries were beta converging towards the EU in the period 1992 - 2004. The speed of convergence was 1.77% which is a number comparable to the speed of convergence among the states of the USA. The Czech Republic has been growing more slowly than what would correspond to its level of real GDP per capita. This trend seems to have been overcome by faster growth in the last two years. Still, even in the optimistic scenario, it will take more than 30 years for the Czech Republic to reach the EU-15 average, which is more than for most of the other new member countries, in particular the dynamically growing Baltic countries.

Suggested Citation

  • Ctirad Slavík, 2007. "Reálná konvergence České republiky k Evropské unii v porovnání s ostatními novými členskými zeměmi [Real convergence of the Czech republic to the EU in comparison with the other new member countrie," Politická ekonomie, Prague University of Economics and Business, vol. 2007(1), pages 23-40.
    • Handle: RePEc:prg:jnlpol:v:2007:y:2007:i:1:id:588:p:23-40
    DOI: 10.18267/j.polek.588
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    References listed on IDEAS

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    1. Hanousek, Jan & Filer, Randall K, 2004. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," Economic Development and Cultural Change, University of Chicago Press, vol. 53(1), pages 235-254, October.
    2. Jan Hanousek & Randall K. Filer, 2000. "Output Changes and Inflationary Bias in Transition," CERGE-EI Working Papers wp167, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Kutan, Ali M. & Yigit, Taner M., 2002. "Nominal and real stochastic convergence within transition economies and to the European Union: Evidence from panel data," ZEI Working Papers B 21-2002, University of Bonn, ZEI - Center for European Integration Studies.
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    Cited by:

    1. Václav Žďárek, 2009. "Challenges for the new EU member states on the road to the Eurozone," International Economics and Economic Policy, Springer, vol. 6(2), pages 157-177, July.

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    More about this item

    Keywords

    real convergence; Beta - convergence vs. Sigma - convergence; comparative analysis of convergence; convergence forecasts;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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