Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Refine search results

Journals help

  1. 1 Ekonomický časopis (Journal of Economics)

Years help

  1. 1 2017

Authors help

  1. 1 Soriċ P.

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  OUTPUT CONVERGENCE
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

REAL CONVERGENCE OF EU ECONOMIES: DO STRUCTURAL BREAKS MATTER?

100%
Soriċ P.
Ekonomický časopis (Journal of Economics)
|
2017
|
vol. 65
|
issue 8
691 – 714
EN
This study examines the real GDP convergence of EU Member States. It adds to the abundance of conditional convergence studies by utilizing a unit root test with up to two structural breaks, finding that the crisis has not stopped the long-run convergence within the EU. Differing from similar studies, we discriminate between up and down breaks in the convergence process, and apply the non-parametric Wilcoxon signed-rank test to identify variables that are coincidental with these shifts. Convergence accelerations are characterized by nominal exchange rate and unit labour cost changes, while slowdowns are followed by investment shocks. The importance of external trade is particularly emphasized during convergence accelerations. Several different robustness checks leave these findings quite intact.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.