The evaluation of output convergence in several Central and Eastern European countries
The main objective of this study is to check the convergence in output for six countries from Central-Eastern Europe that are also members of the European Union. A slow convergence was obtained only for Greece during 2003–2012, for the rest of the countries (Bulgaria, Croatia, Hungary, Poland and Ro...
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| Format: | Article |
| Language: | English |
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Vilnius University Press
2015-03-01
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| Series: | Ekonomika |
| Subjects: | |
| Online Access: | https://www.journals.vu.lt/ekonomika/article/view/5318 |
| _version_ | 1811275582386733056 |
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| author | Simionescu M. |
| author_facet | Simionescu M. |
| author_sort | Simionescu M. |
| collection | DOAJ |
| description | The main objective of this study is to check the convergence in output for six countries from Central-Eastern Europe that are also members of the European Union. A slow convergence was obtained only for Greece during 2003–2012, for the rest of the countries (Bulgaria, Croatia, Hungary, Poland and Romania) the divergence being observed. The regression coefficients were estimated using bootstrap simulations in order to solve the problem of a small data set. However, the graphical representations suggested a convergence for Bulgaria and Romania, the assumption proved also by the application of the Augmented Dickey Fuller unit root test. There is no evidence of the convergence of each country towards Greece, this country having a specific evolution of its GDP with higher values than the rest of the countries. |
| first_indexed | 2024-04-12T23:40:22Z |
| format | Article |
| id | doaj.art-5e0ba3783c5c4192870663f9973df88d |
| institution | Directory Open Access Journal |
| issn | 1392-1258 2424-6166 |
| language | English |
| last_indexed | 2024-04-12T23:40:22Z |
| publishDate | 2015-03-01 |
| publisher | Vilnius University Press |
| record_format | Article |
| series | Ekonomika |
| spelling | doaj.art-5e0ba3783c5c4192870663f9973df88d2022-12-22T03:12:00ZengVilnius University PressEkonomika1392-12582424-61662015-03-0194110.15388/Ekon.2015.1.5318The evaluation of output convergence in several Central and Eastern European countriesSimionescu M.The main objective of this study is to check the convergence in output for six countries from Central-Eastern Europe that are also members of the European Union. A slow convergence was obtained only for Greece during 2003–2012, for the rest of the countries (Bulgaria, Croatia, Hungary, Poland and Romania) the divergence being observed. The regression coefficients were estimated using bootstrap simulations in order to solve the problem of a small data set. However, the graphical representations suggested a convergence for Bulgaria and Romania, the assumption proved also by the application of the Augmented Dickey Fuller unit root test. There is no evidence of the convergence of each country towards Greece, this country having a specific evolution of its GDP with higher values than the rest of the countries.https://www.journals.vu.lt/ekonomika/article/view/5318convergenceGDP per capitaADF testsco-integrationsteady state |
| spellingShingle | Simionescu M. The evaluation of output convergence in several Central and Eastern European countries Ekonomika convergence GDP per capita ADF tests co-integration steady state |
| title | The evaluation of output convergence in several Central and Eastern European countries |
| title_full | The evaluation of output convergence in several Central and Eastern European countries |
| title_fullStr | The evaluation of output convergence in several Central and Eastern European countries |
| title_full_unstemmed | The evaluation of output convergence in several Central and Eastern European countries |
| title_short | The evaluation of output convergence in several Central and Eastern European countries |
| title_sort | evaluation of output convergence in several central and eastern european countries |
| topic | convergence GDP per capita ADF tests co-integration steady state |
| url | https://www.journals.vu.lt/ekonomika/article/view/5318 |
| work_keys_str_mv | AT simionescum theevaluationofoutputconvergenceinseveralcentralandeasterneuropeancountries AT simionescum evaluationofoutputconvergenceinseveralcentralandeasterneuropeancountries |