scholarly journals Income Convergence in the European Union: National and Regional Dimensions

2020 ◽  
Vol 15 (2) ◽  
pp. 45-65
Author(s):  
Ana-Maria Holobiuc
Keyword(s):  
European Union ◽  
The European Union ◽  
Income Convergence

The effects of the economic crisis on income convergence in the European Union

2012 ◽  
Vol 62 (2) ◽  
pp. 161-182 ◽  
Author(s):  
Nenad Stanišić
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Purchasing Power Parity ◽  
Gdp Per Capita ◽  
The European Union ◽  
Income Convergence ◽  
Power Parity ◽  
Trade Theory ◽  
Per Capita

This paper evaluates income convergence in the European Union, between “old” (EU15) and “new” member states from Central and East Europe (CEE10), and among the countries within these two groups. The GDP per capita convergence should be expected according to the exogenous economic growth model and neoclassical trade theory. The presence of σ-convergence and both absolute and conditional β-convergence is tested for on a sample of 25 European Union countries (EU25). Results confirm the existence of β-convergence of GDP per capita at purchasing power parity among EU25, but not among EU15 and CEE10 countries. σ-convergence has been confirmed among EU25 and CEE10 countries, while GDP per capita has been diverging in the EU15 group of countries. Moreover, the results reveal that recent economic crisis has reversed long-term tendencies and led to income convergence within EU15 and divergence within CEE10. During the crisis, the income differences among the EU25 countries have increased, but the scope and duration of this effect has been limited and has not affected the long term convergence path. However, the obtained long term speed of convergence is significantly lower compared with the previous researches.

Income, Wealth, Employment, and Beyond

2021 ◽  
pp. 177-217
Author(s):  
Márton Medgyesi ◽  
István György Tóth
Keyword(s):  
European Union ◽  
Time Trends ◽  
The Other ◽  
Eastern European ◽  
Competitive Markets ◽  
The European Union ◽  
Income Convergence ◽  
Democratic Regimes ◽  
The One

This chapter looks at trends in 10 Central and Eastern European (CEE) countries, exploring both convergence between these countries and the centre of the European Union on the one hand and comparative inequality trends within some of the CEE economies on the other. Time trends are presented from the beginning of the 1990s until the most recent available year. The aim is to explore patterns of income convergence and inequality developments experienced during and after the transition from non-democratic regimes and centrally planned economies to competitive markets and representative democracies. Attention is paid to between-country similarities and dissimilarities of the paths taken, attempting to find out whether homogeneity or heterogeneity dominates between the observed countries, both in relation to trends and results.

scholarly journals Evaluation of the income convergence hypothesis in ten new members of the European union: A panel unit root approach

2008 ◽  
Vol 55 (2) ◽  
pp. 157-166 ◽  
Author(s):  
Reza Ranjpour ◽  
Takanlou Zahra
Keyword(s):  
European Union ◽  
Unit Root ◽  
Economic Convergence ◽  
The European Union ◽  
Income Convergence ◽  
Convergence Hypothesis ◽  
New Members ◽  
Catching Up ◽  
Per Capita ◽  
Capita Output

In this paper, different tests of unit root in panel data are implemented for studying real economic convergence and catching-up in ten new members of European Union (EU) toward average EU per capita income and average of ancient members. We used the "EuroStat" quarterly real per capita output data on the period 1995 - 2005. The results support existence of absolute convergence and catching-up processes in sample countries towards EU standards. .

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