quickly with West Germany, mainly because the capital stock was modernised and expanded. Convergence, however, has almost come …

convergence, East Germany, transition, economic growth … quickly with West Germany, mainly because the capital stock was modernised and expanded. Convergence, however, has almost come …

30 years after the fall of the Berlin Wall, no full convergence of the economic performance and the living conditions … discusses possible reasons for the lack of convergence such as the legacy of the planned economy, economic policy mistakes made … erosion of market forces are discussed. This leads to economic policy recommendations to achieve full convergence of the …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups …