The EU Enlargement and Income Convergence: Central and Eastern European Countries vs. Western Balkan Countries

Stanišić, Nenad; Makojević, Nikola; Ćurčić, Tijana Tubić

doi:10.15678/eber.2018.060302

Cited by 12 publications

(11 citation statements)

References 22 publications

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“…The results show the presence of homogeneity in the CEE group, while the CIS countries lack similar convergence patterns among them. Stanišić, Makojević, and Ćurčić (2018) confirm the existence of convergence of the CEE countries towards the EU-15, but convergence is not found in the case of the Western Balkan countries. Alcidi (2019)…”

Section: Literature Reviewsupporting

confidence: 55%

Do Transition Countries Converge towards the European Union?

Siljak

Nagy

2019

Baltic Journal of European Studies

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The aim of this paper is to analyze if the Western Balkan and Eastern Partnership countries converge towards the twenty-eight members of the European Union. The relationships between the selected macroeconomic variables and per capita GDP growth rate are econometrically tested to support this research. The analyzed period is 2004–2017, with two sub-periods: 2004–2008 and 2009–2013. The subdivision is made to test whether the recent financial crisis affected the absolute and conditional convergence process in the analyzed group of countries. The empirical findings support the economic convergence hypothesis. The results show that the recent financial crisis negatively affected the absolute and conditional convergence process, when economic variables are included in the analysis. The negative effects of the crisis on conditional convergence with economic and socio-political variables are not identified. The poorer countries in the analyzed group should do more to attract investment and open their economies, as gross fixed capital formation and economic openness have a positive impact on per capita growth, and keep low inflation or stabilize it, while general government debt and unemployment should be decreased in the examined sample of countries.

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Section: Literature Reviewsupporting

confidence: 55%

Do Transition Countries Converge towards the European Union?

Siljak

Nagy

2019

Baltic Journal of European Studies

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“…The Eurozone Member States converge and there are signs of increased integration, even though the Eurozone does not fulfill most of the OCA theory criteria (Barbosa and Alves, 2011). The convergence process in the EU has been confirmed by different studies (Jelnikar and Murmayer, 2006;Prochniak, 2004, 2007;Szeles and Marinescu, 2010;Stanišić et al, 2018;Rapacki and Próchniak, 2019;Stoica et al, 2019;Bisciari et al, 2020). However, economic convergence of the analyzed countries does not seem to be a homogeneous process (Cavenaile and Dubois, 2011;Grzelak and Kujaczinska, 2013;Benczes and Szent-Ivanyi, 2015) because the countries belong to different convergence clubs.…”

Section: Literature Reviewmentioning

confidence: 70%

Does Monetary Union Membership Affect Convergence in the European Union?

Siljak

Nagy

2021

Danube

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The objective of the article is to investigate the effects of the stage of integration on convergence in the European Union. The relationships between the selected macro-economic variables and per capita GDP growth rate are econometrically tested for the period 2004–2018 and three sub-periods: the pre-crisis period 2004–2008, the crisis period 2009–2013, and the post-crisis period 2014–2018. Convergence is estimated using ordinary least squares (OLS) semi-log regression based on cross-sectional data. The findings show that convergence rates range between 1.9 percent and 4.8 percent. The positive effects of deeper integration are identified, as well as the negative effects of the 2008/2009 crisis. The empirical results suggest that the selected variables have an impact on the per capita GDP growth rate in at least one analyzed period.

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“…These performances for the GDP per capita growth rates and the respective spatial autocorrelation for higher values were also found for Lithuania and Latvia. Considering the lower level of GDP for the Eastern and East European countries may bring relevant contributions to the European Union process of convergence (Stanisic et al, 2018). The main objective of the European structural support is to promote faster growth for poorer regions, and it seems that there have been some interesting signs of this, in recent years, from Eastern difficulties.…”

Section: Methodsmentioning

confidence: 99%

“…Considering the lower level of the GDP for the Eastern and Central European countries, these interesting performances of the GDP per capita growth rates in Romania, Lithuania and Latvia may support a faster convergence context in the European Union. In fact, the Central and East European countries may bring relevant contributions to the European Union process of convergence (Stanisic et al 2018). The main objective of the European structural support is to promote a faster growth for poorer regions and it seems that there have been some interesting signs of this, in recent years, from Eastern Europe.…”

Section: Spatial Autocorrelation Assessmentmentioning

confidence: 99%

Impact of Covid‐19 on the convergence of GDP per capita in OECD countries

Martinho

2021

Regional Science Policy & Practice

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The main objective of this study is to assess the consequences of coronavirus disease 2019 (Covid‐19) on the gross domestic product (GDP) per capita in Organisation for Economic Co‐operation and Development (OECD) countries. For this purpose, the developments from the convergence theory for panel data were considered, as well as data from the OECD database for the last quarter of 2017 to the third quarter of 2020. This statistical information was, also, analysed through spatial autocorrelation approaches. The findings obtained show that the pandemic, specifically in the first two quarters of 2020, eliminated the signs of convergence verified from the end of 2017 until the end of 2019 in OECD countries, bringing new challenges for the future. In terms of policy recommendations, it is suggested to design instruments by the European Union and international organizations in order to promote a globally balanced development, preventing consequences beyond the socioeconomic.

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The EU Enlargement and Income Convergence: Central and Eastern European Countries vs. Western Balkan Countries

Cited by 12 publications

References 22 publications

Do Transition Countries Converge towards the European Union?

Do Transition Countries Converge towards the European Union?

Does Monetary Union Membership Affect Convergence in the European Union?

Impact of Covid‐19 on the convergence of GDP per capita in OECD countries

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