PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2005 | nr 75 | 258--284
Tytuł artykułu

Real Economic Convergence in the EU Accession Countries

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The paper aims to assess the real economic convergence among eight CEE countries that accessed the EU: the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia, as well as their convergence with the EU. Two aspects of convergence are analysed: (a) growth or income-level convergence as a tendency to close the income gap; (b) cyclical convergence as a tendency to the conformity of business cycles. Income convergence is analysed in terms of β and σ coefficients using regression equations between GDP per capita levels and GDP growth rates. Cyclical convergence is analysed using industrial production indexes and industrial confidence indicators. The analysis covers the period 1993-2004. The main findings may be summarised as follows: 1) CEE countries converge between themselves and towards the EU as regards the income level; 2) CEE countries reveal a good cyclical synchronisation with the EU; cyclical conformity within the region is better seen when the group is split into three subgroups: (a) Czech Republic, Slovakia and Slovenia, (b) Hungary and Poland, (c) the Baltic states. Both types of economic convergence are strongly affected by the dependence on the EU markets, including trade and capital flows. (original abstract)
Rocznik
Numer
Strony
258--284
Opis fizyczny
Twórcy
  • Warsaw School of Economics, Poland
  • Warsaw School of Economics, Poland
Bibliografia
  • Baldwin R., Francois J.F., Portes R., (1997), The Costs and Benefits of Enlargement: The Impact on the EU and Central Europe, Economic Policy 24, pp. 127-176.
  • Barro R., Sala-i-Martin X., (1992), Convergence, Journal of Political Economy 100, pp. 223-251.
  • Barro R., Sala-i-Martin X., (1995), Economic Growth, New York - St. Louis - San Francisco: McGraw-Hill.
  • Ben-David D., (2000), Trade, Growth and Disparity Among Nations, [in:] Trade and Poverty, Geneva: WTO.
  • Boome L., Maurel M., (1989), "Economic Convergence of the CEEs with the EU", Discussion Paper 2018, CEPR, London.
  • Breuss F., (2001), Macroeconomic Effects of EU Enlargement for Old and New Members, WIFO Working Paper 143.
  • Csermely A., (2004), Convergence Expectations and Convergence Strategies. Lessons, from the Hungarian Experiences in the pre-EU Period, Comparative Economic Studies 46, pp. 104-126.
  • Doyle P., Kuis L., Jiang G., (2001), Real Convergence to EU Income Levels: Central Europe from 1990 to the Long Term, IMF Working Paper 01/146.
  • EBRD, Transition Report 2003: Integration and Regional Cooperation, London.
  • EEAG, Report on the European Economy 2004, Munich: CESifo.
  • Estrin S., Urga G., Lazarova S., (2001), Testing for Ongoing Convergence in Transition Economies, 1970 to 1998, Journal of Comparative Economics 29, pp. 677-691.
  • European Commission (2001), "The Economic Impact of Enlargement", Enlargement Paper 4.
  • Fidrmuc J., Korhonen I., (2004), The Euro Goes East: Implications of the 2000-2002 Economic Slowdown for Synchronisation of Business Cycles between the Euro Area and CEEs, Comparative Economic Studies 46, pp. 45-62.
  • Hagemann H. (2004), The Macroeconomics of Accession: Growth, Convergence and Structural Adjustment, Structural Change and Economic Dynamics 15, pp. 1-12.
  • Havrylyshyn O. (2001), Recovery and Growth in Transition: A Decade of Evidence, IMF Staff Paper 48 (Special Issue: Transition Economies: How Much Progress?), pp. 53-87.
  • IMF, World Economic Outlook Database, April 2004.
  • IMF, Direction of Trade Statistics, Washington, 2003.
  • Kejak M., Seiter S., Vávra D., (2004), Accession Trajectories and Conver gence: Endogenous Growth Perspective, Structural Change and Economic Dynamics 15, pp. 13-46.
  • Koèenda E., (2001), Macroeconomic Convergence in Transition Countries, Journal of Comparative Economics 29, pp. 1-23.
  • Korhonen I., (2003), Some Empirical Tests on the Integration of Economic Activity between the Euro Area and the Accession Countries. A Note, Economics of Transition 11, pp. 1-20.
  • Korhonen I., Fidrmuc J., (2001), Similarity of Supply and Demand Shocks Between the Euro Area and the Accession Countries, Focus on Transition, no. 2, pp. 26-42.
  • Kröger J., Sdrakas N., Viguie C., (2003), Cyclical Convergence in the Euro Area: Evidence from the Economic Sentiment Indicator, paper presented at the RWI Seminar in Essen, published [in:] Z. Matkowski, ed., Composite Indicators of Business Activity for Macroeconomic Analysis ('The RIED Papers and Proceedings', vol. 74), Warsaw: SGH, pp. 151-165.
  • Krugman P., (1991), Geography and Trade, Cambridge, Mass.: MIT Press.
  • Kutan A.M., Yigit T.M., (2004), Nominal and Real Stochastic Convergence of Transition Economies, Journal of Comparative Economics 32, pp. 23-36.
  • Lejour A.M., de Mooij R.A., Nahuis R., (2001), EU Enlargement: Economic Implications for Countries and Industries, СВР document no. 011.
  • Lucas R.E., (1988), On the Mechanics of Economic Development, Journal of Monetary Economics 22, pp. 3-42.
  • Mankiw N.G., Romer D., Weil D.N., (1992), A Contribution to the Empirics of Economic Growth, Quarterly Journal of Economics 107, pp. 407-437.
  • Marini M., (2003), Convergence of Candidate Countries to European Union: An Analysis on Industrial Production Index Using Dynamic Factor Model, paper presented at the Eurostat Colloquium on Modern Tools for Business Cycle Analysis, Luxembourg.
  • Martín C., Velazquez F.J., Funck B., (2001), European Integration and Income Convergence. Lessons for Central and Eastern European Countries, World Bank Technical Paper 514.
  • Matkowski Z., (2004), Post-Socialist Countries: Macroeconomic Performance, Growth Prospects, and Social Welfare, Eastern European Economics, no. 3, pp. 44-80.
  • Matkowski Z., Próchniak M., (2003), Economic Convergence in the EU Accession Countries, [in:] Z. Matkowski, ed., Composite Indicators of Business Activity for Macroeconomic Analysis ('The RIED Papers and Proceedings', vol. 74), Warsaw: SGH, pp. 405-425.
  • OECD, Main Economic Indicators, 1995-2004.
  • Romer P., (1986), Increasing Returns and Long Run Growth, Journal of Political Economy 94, pp. 1002-1037.
  • Sarajevs V., (2001), Convergence of European Transition Economies and the EU: What Do the Data Show?, BOFIT Discussion Paper no. 13.
  • Solow R., (1956), A Contribution to the Theory of Economic Growth, Quarterly Journal of Economics 70, pp. 65-94.
  • Viner J., (1950), The Custom Union Issue, New York: Canergie Endowment for International Peace.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171241117

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.