Convergence tendencies in the EU Member States - a statistical study for the period 1980-2013
Journal Title: Central European Review of Economics and Finance - Year 2014, Vol 5, Issue 2
Abstract
The aim of the article is empirical analysis of convergence process in the European Union especially after extending it by the groups of less developed countries ("cohesion" countries after their accession in the 1980s and Central and Eastern Europe countries after 2004). The econometric methods, based mainly on regression growth models, are implemented, first of all, to verify the hypothesis about the existence of beta convergence and its impact on sigma convergence; secondly, to verify the theoretically proved statement that capital accumulation become less important in convergence processes as compared to the increasing role of technological progress. The results of the investigation point at the existence of beta convergence and its important but decreasing impact on reducing income disparities among European Union Member States. An additional survey on the existence of convergence clubs, conducted using the approach based on polynomial functions, , confirms, that all the analysed countries were approaching the same steady state and creating a common convergence club
Authors and Affiliations
Izabela Młynarzewska-Borowiec
Keywords
Related Articles
- EP ID EP164950
- DOI -
- Views 103
- Downloads 0
The Economic Crisis of 2008 and the Financial System Supervision: Towards an European Banking Union
The significant repercussions of the recent crisis in the financial sector and the real economy have led to the development of policies aimed at strengthening the stability of the international banking system. Banking re...
Local Authorities’ Funds as Sources of Revenues of the Metropolitan Association
The objective of the study is to analyse and evaluate the legislation in force governing the sources of revenues of metropolitan associations. The statutory catalogue of the sources of revenues of metropolitan associatio...
Impact of the accounting standards applied on the assessment of the financial situation of a company from the mining sector
The discrepancies between the Polish balance sheet law and the International Financial Reporting Standards (IFRS) with regard to the recognition and presentation of economic events may in some cases have a significant im...
Stakeholder prioritizing in the midst of an economic crisis: A multi-firm, multi-sector study
The purpose of this study is to identify the patterns of Corporate Social Responsibility (CSR) activities, in adverse economic circumstances, so as to understand the importance ascribed by the companies to each of their...
Should Traditional Retailers go Online? The Impact of the Presence of E-commerce on the Customer Value of Traditional Retailers
The impact of the presence of e-commerce in the business of traditional retailers on their customer value is studied. The methodology of studies is described. Distributions of customer values for multichannel and traditi...