Evaluation of the Income Convergence Hypothesis in Ten New Members of the European Union. A Panel Unit Root Approach

In this paper, different tests of unit root in panel data are implemented for studying real economic convergence and catching-up in ten new members of European Union (EU) toward average EU per capita income and average of ancient members. We used the EuroStat quarterly real per capita output data on the period 1995 - 2005. The results support existence of absolute convergence and catching-up processes in sample countries towards EU standards.

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Year of publication:	2008
Authors:	Reza, Ranjpour ; Zahra, Karimi Takanlou
Published in:	Panoeconomicus. - Savez ekonomista Vojvodine, Novi Sad, Serbia. - Vol. 55.2008, 2, p. 157-166
Publisher:	Savez ekonomista Vojvodine, Novi Sad, Serbia
Subject:	Growth \| European Union \| Convergence \| Panel unit root \| Catching-up

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C12 - Hypothesis Testing ; C33 - Models with Panel Data ; O47 - Measurement of Economic Growth; Aggregate Productivity ; O52 - Europe
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008524025