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Indicators Of Real Convergence And Their Application

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  • Pecican, Eugen Stefan

Abstract

Measurable aspects of the economic convergence of EU countries form the main topic of this paper. For this purpose, statistical and econometric methods are presented and applied for revealing characteristic elements of such a process. A first group of methods refers mainly to aspects such as: homogeneity, polarisation or EU countries’ concentration by GDP per capita at different stages. A second group of methods refers to the intensity of several correlated processes that could ensure favourable conditions for achieving economic convergence such as: initial stage of development, evolutions in time, EU’s general development, territorial cooperation. Romania’s situation in the context of EU countries’ convergence is the prevailing topic.

Suggested Citation

  • Pecican, Eugen Stefan, 2010. "Indicators Of Real Convergence And Their Application," Working Papers of National Institute for Economic Research 100203, Institutul National de Cercetari Economice (INCE).
    • Handle: RePEc:ror:wpince:100203
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    More about this item

    Keywords

    dispersion; variation coefficient; concentration coefficient; Lorentz curve; regression model; β-coefficient; integrated and co-integrated series; matrix of transition probabilities; territorial interdependence; territorial index; growth index; territorial econometrics;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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