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Journal of Economic Integration 2009 June;24(2) :294-320.
DOI: https://doi.org/10.11130/jei.2009.24.2.294
Real Convergence in the New Member States: Myth or Reality?
Andrea Ingianni and 
Václav Žd'árek 
Kingston University
University of Economics, Prague
Copyright ©2009 Journal of Economic Integration
ABSTRACT

The paper analyses the process of real convergence of the New Member States of the European Union. Its importance is underlined in connection with a successful catching-up and a special attention is paid to the countries involved in the fifth European enlargement, with the exception of Cyprus and Malta. We note that, over the last decade, these economies experienced robust economic growth, which had a stronger impact on the convergence process within the EU8 group than to EU15. Our assumptions are investigated empirically by a comparison of beta and sigma-convergence analysis with time-series based stationarity and cointegration tests.

JEL Classification: C22, F02, O52, O11

Keywords: real convergence | EU enlargement | time series
 
REFERENCE
1. Andrews, D.W.K. (1993), "Tests for Parameter Instability and Structural Change with Unknown Change Point", Econometrica, 61 (4), pp. 821-56.
2. Andrews, D.W.K., Ploberger, W. (1994), "Optimal Tests When a Nuisance Parameter Is Present Only under the Alternative", Econometrica, 62 (6), pp. 1383-1414.
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