Schönfelder, Nina; Wagner, Helmut - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-3, pp. 1-23
can clearly confirm institutional β-convergence within the EU and its aspirants, which is mainly driven by the new Member … rule of law within the first twelve euro-area members. Concerning σ-convergence, the results are less clear. Only the EU … including the EU-aspirants reduced the cross-country variance in all aspects of institutional development. …