Convergence of European transition economies and the EU : What do the data show

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Title: Convergence of European transition economies and the EU : What do the data show
Author: Sarajevs, Vadims
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Discussion Papers
Series number: 13/2001
Year of publication: 2001
Publication date: 10.6.2001
Pages: 40 s.
Keywords: KIE; lähentyminen; integraatio; Itä-Eurooppa; Bofit-kokoelma
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 considerably.
Rights: https://helda.helsinki.fi/bof/copyright


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