CEU Electronic Theses and Dissertations, 2015
| Author | Catrina, Stefan |
|---|---|
| Title | The convergence of the Central and Eastern European countries towards the European Union |
| Summary | The Central and Eastern European countries had a long transition process that started in 1990. This paper investigates the speed of convergence of the Central and Easter European (CEE) countries towards the income level of the European Union after the fall of the communist regimes. A panel data is built using 4 non overlapping intervals applied on the European Union countries from 1996 to 2011. The unconditional convergence is around 1.8%, while adding fixed effects, the unconditional convergence is 8.4% per year. On an array of explanatory variables for economic growth, the speed of convergence jumps up to 17% per year. Considering potential biases from these approaches, the real convergence speed is expected to be around the mid-point of these outcomes. The most important drivers of economic growth and convergence are the ones related to macroeconomic, stability, development, external sector, competitiveness, and financial sector. |
| Supervisor | Horváth, Julius |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2015/catrina_stefan.pdf |
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