In the convergence programme approved by the Hungarian government in September 2006, the "overriding objective" was to promote real convergence. This paper analyses the problems surrounding real convergence, in light of the broader correlations of economic growth relying heavily on the results...

Economic growth is an increase of the results of an economic system in a particular time and space. Economic results are synthetically described by GNP or real GDP adjusted with the deflator on the whole or per capita. Sustainable development is the kind of development that satisfies the present...