PL EN


2012 | 60 | 6 | 642 – 656
Article title

THE REAL CONVERGENCE OF CEE COUNTRIES: A STUDY OF REAL GDP PER CAPITA

Content
Title variants
Languages of publication
EN
Abstracts
EN
The paper examines the unconditional sigma and time-series convergence of a real GDP per capita (measured in national currencies and euros) for CEE8 countries during the 1995 : Q1 – 2011 : Q1 period by applying the unit root framework using the DF-GLS test and the Lee and Strazicich (2003; 2004) test, which allows for endogenous breaks in trends and constants. We selected Germany as a benchmark country for relative real GDP per capita because of its geographical and economical position relative to all CEE8 countries. We have found that both sigma convergence and time-series convergence were present for most of the CEE8 countries prior to the breaks in trends, but after the breaks, the convergence slowed or reversed and thus indicated divergence.
Contributors
  • Ekonomická univerzity Bratislava, Podnikovohospodárska fakulta v Košiciach, Katedra ekonomiky, Tajovského 13, 041 30 Košice, Slovak Republic, andrea.zarembova@gmail.com
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-7e7dce3d-38af-4c2f-8901-34f8502bfccf
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.