The issue of convergence: new empirical evidence for the central eastern Europe area

• Tsanana, E. ^[1] ; Katrakilidis.Constantinos Petros ^[1]
  1. [1] Aristotle University of Thessaloniki

     Aristotle University of Thessaloniki

     Dimos Thessaloniki, Grecia

     
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 16, Nº. 1, 2016, págs. 53-62
• Idioma: inglés
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• Resumen

  • This paper explores empirically the convergence path in selected Central Eastern European (CEE) economies. The empirical analysis uses per capita Gross Domestic Product (GDP) in Purchasing Power Parity (PPP) in constant prices of 2005 and covers the period 1980-2010. The empirical investigation relies on Nahar - Inder’s (2002) methodology in combination with the testing procedure of Bai - Perron (2003) to take into consideration the presence of possible structural breaks. The results demonstrate remaining disparities and support evidence in favor of catching up with EU-15 and the EU-27 averages only for three out of the ten examined economies