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Balkan Area and EU-15: An Empirical Investigation of Income Convergence

In: Balkan and Eastern European Countries in the Midst of the Global Economic Crisis

Author

Listed:
  • Eftychia Tsanana

    (Aristotle University of Thessaloniki)

  • Constantinos Katrakilidis

    (Aristotle University of Thessaloniki)

  • Panagiotis Pantelidis

    (Serres, TEI of Serres)

Abstract

This paper empirically explores the issue of income convergence of the Balkan economies with the European Union’s-15 average (EU-15) over the period 1989–2009. The adopted econometric methodology has been suggested by Nahar and Inder (2002) and is considered more efficient in detecting possible catching up effects compared to the relevant conventional methods. The findings of this paper point out the existence of dissimilarities among the examined Balkan economies in the process to catch up with the EU-15. In particular, the results support income convergence with the EU-15 only for Greece and Slovenia.

Suggested Citation

  • Eftychia Tsanana & Constantinos Katrakilidis & Panagiotis Pantelidis, 2013. "Balkan Area and EU-15: An Empirical Investigation of Income Convergence," Contributions to Economics, in: Anastasios Karasavvoglou & Persefoni Polychronidou (ed.), Balkan and Eastern European Countries in the Midst of the Global Economic Crisis, edition 127, pages 23-33, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2873-3_2
    DOI: 10.1007/978-3-7908-2873-3_2
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    Citations

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    Cited by:

    1. 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).
    2. Nikolay Nenovsky & Kiril Tochkov, 2013. "The Distribution Dynamics of Income in Central and Eastern Europe relative to the EU: A Nonparametric Analysis," William Davidson Institute Working Papers Series wp1063, William Davidson Institute at the University of Michigan.
    3. 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.
    4. 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.

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