BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
Convergence of European Transition Economies and the EU: What Do the Data Show?
Abstract: This is an empirical study of the real income convergence
among the fifteen European Union members and the eleven transition
economies of Central and Eastern Europe. Debates and research on EU
enlargement tends to concentrate on normative issues, so empirical studies
constitute a small share of published work on the subject. This empirical
investigation relies on available data on transition, and employs several
econometric techniques including graphic analysis, classical cross-section
regression and dynamic panel data estimations. Most estimation methods find
positive convergence, but estimated rates of convergence vary
Keywords: convergence; enlargement; and dynamic panel; (follow links to similar papers)
JEL-Codes: C80; O57; (follow links to similar papers)
44 pages, December 17, 2001
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