Schönfelder, Nina; Wagner, Helmut - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-3, pp. 1-23
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...