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  1. 1 Kozgazdasagi Szemle (Economic Review)

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  1. 1 2009

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  1. 1 Dedak I.

  2. 1 Dombi A.

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CONVERGENCE AND GROWTH RATE (Konvergencia es novekedesi utem)

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Dedak I., Dombi A.
Kozgazdasagi Szemle (Economic Review)
|
2009
|
vol. 56
|
issue 1
19-45
EN
The study examines empirically the assumed process of convergence by the Central-East European (CEE) countries according to the expanded Solow model of human resources. The authors estimate the speed of convergence derived from capital accumulation for nine CEE countries in 1997-2006, based on several samples and model variations. Economic convergence of the post-socialist countries begins with a far from stationary level of income, which raises several problems with the methodology employed traditionally in mainstream literature. So the first half of the study examines also from a theoretical angle the subject of the speed of convergence, with special attention to actual growth rates.
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