Markandya, Anil; Pedroso, Suzette; Streimikiene, Dalia - 2004
fastest convergence rates given these parameters are the Czech Republic, Bulgaria, Croatia and Turkey. The forecast values for … considered as in transition to a full market economy, and that of the present EU members. The raw data shows some evidence of … convergence, and a carefully estimated econometric model of lagged adjustment confirms this. On average, a 1% decrease in the per …