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.
- Language
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Englisch
- Bibliographic citation
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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
- Classification
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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
- Subject
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time-series convergence
sigma convergence
CEE
unit root test
structural breaks
- Event
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Geistige Schöpfung
- (who)
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Zarembova, Andrea
Lyocsa, Stefan
Baumöhl, Eduard
- Event
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Veröffentlichung
- (who)
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Institute of Economic Research of Slovak Academy of Sciences and Institute for Forecasting of CSPS of Slovak Academy of Sciences
- (where)
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Bratislava
- (when)
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2012
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- 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
Time of origin
- 2012
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