Artikel

The Real Convergence of CEE Countries: A Study of Real GDP per capita

The paper examines the unconditional sigma and time-series convergence of 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 fra-mework 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.

Sprache
Englisch

Erschienen in
Journal: Ekonomicky časopis/Journal of Economics ; ISSN: 0013-3035 ; Volume: 60 ; Year: 2012 ; Issue: 6 ; Pages: 642-656 ; Bratislava: Institute of Economic Research of Slovak Academy of Sciences and Institute for Forecasting of CSPS of Slovak Academy of Sciences

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Financial Crises
Economic Growth and Aggregate Productivity: General
Socialist Systems and Transitional Economies: General
Thema
time-series convergence
sigma convergence
CEE
unit root test
structural breaks

Ereignis
Geistige Schöpfung
(wer)
Zarembova, Andrea
Lyocsa, Stefan
Baumöhl, Eduard
Ereignis
Veröffentlichung
(wer)
Institute of Economic Research of Slovak Academy of Sciences and Institute for Forecasting of CSPS of Slovak Academy of Sciences
(wo)
Bratislava
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Zarembova, Andrea
  • Lyocsa, Stefan
  • Baumöhl, Eduard
  • Institute of Economic Research of Slovak Academy of Sciences and Institute for Forecasting of CSPS of Slovak Academy of Sciences

Entstanden

  • 2012

Ähnliche Objekte (12)