stimulate growth in the less developed countries. In fact, according to our estimates, with an annual β-convergence of 2% in … survival rates and different rates of economic growth. According to our estimates, inequality in terms of permanent income was …

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …