This paper applies the statistical concepts of ơ-convergence and unconditional β - convergence to institutional development within several country groups hierarchized to the degree of European integration (e.g., euro area). Two sets of indicators are employed to measure institutional...

This paper applies the statistical concepts of σ-convergence and unconditional β‑convergence to institutional development within several country groups hierarchized to the degree of European integration (e.g., euro area). Two sets of indicators are employed to measure institutional...