core topics studied in the growth econometric framework, namely, convergence, identification of growth determinants and …

Although it is well known that Markov process theory, frequently applied in the literature on income convergence …

Substantive - that have emerged in the empirical literature on international per-capita income and productivity convergence. On … basis of various distinctivc lines of reasoning, it is argued that the evidence infavour ofthe convergence hypothesis that …

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …