In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional … control for spatial effects. All specifications confirm the presence of convergence with an annual speed between 3 and 3 … in the speed of convergence across the regions, where a higher speed is striking in particular in France and the UK …

Convergence of EU regions is an often examined research question. However, there are no studies available which include … in their analysis the New Member States from the former Eastern Bloc. We estimate several models of absolute convergence … and of conditional convergence taking into account the different initial conditions of the regions from each country …

This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special … attention is given to possible changes in the convergence process during the euro cash changeover. We apply the convergence … kernel-density estimates. We find that convergence took place before 2000, slowed down substantially between 2000 and 2003 …

We investigate convergence in European price level, unit labor cost, income, and productivity data over the period of … extremely flexible on order to model a large number of transition paths to convergence. We find regional clusters in consumer … indicate the existence of three convergence clubs without strong regional linkages; Italy and Germany are not converging to any …

inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …

area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …

adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …