Economic Convergence in the EU: A Complexity Approach

Özgüzer, Gül Ertan; Oğuş-Binatlı, Ayla

doi:10.1080/00128775.2015.1126787

Cited by 24 publications

(20 citation statements)

References 21 publications

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“…Second, within this particular strand of research more controversy arises when the conditional convergence of EU states is addressed. As a parenthesis, we might point out that, in general, the conditional convergence analyses share a common root relative to the employed set of variables; to wit, next to the ubiquitous initial level of GDP per capita, the evolution of prices, economic openness and investment level are members of the basic set (Borys et al, 2008;Ertan Ozguzer and Ogus-Binatli, 2016;Siljak and Nagy, 2018). However, naturally, within the existing literature, to this common set, various other economic, social and political variables are added.…”

Section: Literature Reviewmentioning

confidence: 99%

Real Convergence and European Integration With Focus on the New Member States

Stoica

Roman

Diaconaşu

2019

SAEB

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Our paper aims to analyse the dynamics of real economic convergence and the impact of several macroeconomic and institutional factors on this process, within the EU countries for the period 1995-2018. Employing cross-sectional and panel data techniques, this paper examines both the level and dynamics of absolute and conditional convergence within the EU28 countries and identifies key drivers of economic growth within the EU28 and subsequent groups (the EU15 versus New EU Member States group), by taking into consideration the impact of the recent global economic crisis. We find that the real convergence process is quite uneven and unstable over the 1995-2018 period. Our results confirm the negative effects of the recent global economic crisis on per capita GDP growth, suggesting a weakening of the convergence process at the EU28 level, especially at the level of New EU Member States. In addition, we find that investment, the openness of the economy and the quality of the institutional framework represent the main drivers of real convergence within the EU countries.

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Section: Literature Reviewmentioning

confidence: 99%

Real Convergence and European Integration With Focus on the New Member States

Stoica

Roman

Diaconaşu

2019

SAEB

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“…The income level, appropriate general level of productive knowledge, tends to reflect their embedded experience (Hausmann et al, 2014) and follow the productive structure (Hidalgo et al, 2007; Hidalgo & Hausmann, 2009). Indeed, more sophisticated, and less ubiquitous products require profoundly different knowledge and skills in the production phase and thus will be exported by few countries (Ertan Özgüzer & Oğuş‐Binatlı, 2015). However, if the level of knowledge and skill of the country has a broad scale, then it will be easier to provide knowledge and skills when necessary (Doğan, Saboori, & Can, 2019).…”

Section: Introductionmentioning

confidence: 99%

The mitigating effects of economic complexity and renewable energy on carbon emissions in developed countries

Doğan

Driha

Balsalobre‐Lorente

et al. 2020

Sustainable Development

360

117

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Under the growing threats of climate change, innovation and pollution reduction have become driving forces for cleaner economic growth and the environment. This study endeavors to analyze the effect of economic complexity—understood as structural transformation toward more sophisticated and knowledge‐based production, economic progress, renewable energy consumption, and population growth over carbon emissions. Our study employs panel data for a sample of 28 OECD countries covering the period of 1990–2014. The main contribution to the energy economics literature is given by bringing together the concept of environmental degradation and economic complexity controlling via renewable energy consumption and economic and population growth. Based on the extensive empirical analysis (augmented mean group estimator, panel cointegration, and panel regression techniques), we conclude that economic complexity and renewable energy might help in mitigating the environmental degradation problems in OECD countries.

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“…income per capita) indicate the existence of three convergence clubs without strong regional linkages. A rather different approach was used by Özgüzer & Oğuş-Binatlı (2016). They checked conditional convergence within the EU in 1995-2010.…”

Section: Introductionmentioning

confidence: 99%

The heterogeneity of convergence in transition countries

Pipień

Roszkowska

2018

Post-Communist Economies

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ABSTRACT:For two groups of post-communist countries (CEE and CIS) we estimated the parameters of convergence equations on the basis of annual data. We depart from standard econometric theory, which involves panel regression techniques. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE). We show empirical evidence in favour of the variability of parameters describing the convergence effect and productivity growth rates across countries. Our approach seems a convincing alternative to the panel regression approach where random effects can be estimated, imposing an assumption about the constancy of structural parameters within the group of countries under analysis.We discuss the role of the global financial crisis in the heterogeneity of convergence processes and productivity at the country level. The aforementioned SURE model was estimated based on two datasets, one containing observations prior to the crisis and the second containing the whole sample.

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Economic Convergence in the EU: A Complexity Approach

Cited by 24 publications

References 21 publications

Real Convergence and European Integration With Focus on the New Member States

Real Convergence and European Integration With Focus on the New Member States

The mitigating effects of economic complexity and renewable energy on carbon emissions in developed countries

The heterogeneity of convergence in transition countries

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