This paper presents the detailed analysis of real economic convergence in 27 former socialist countries. We focus on two concepts of convergence: absolute (unconditional) à3B2 convergence and à3C3 convergence. The period analysed is 1990-2005. In the paper we embark on a very wide empirical...

This paper analyses performance of the transition economies in the Central and Eastern European (CEE) countries in terms of their convergence in selected macroeconomic fundamentals. The analysis uses monthly data on industrial output, money aggregated (M1), consumer prices and produce prices...

The paper is analysing the process of economic convergence of transition countries during the period 1995-2004. Within the analysed period unconditional B-convergence across the transition economies existed. We could also discover the reduction of dispersion of income levels between accession...

This paper presents an analysis of the welfare convergence among 27 transition economies based on the evaluation of a micro-based summary statistic combining income, consumption, leisure, life expectancy, and inequality (Jones & Klenow, 2016). The results show that the countries of the former...

The transitional recession in countries of Eastern Europe and the Former Soviet Union has lasted much longer than expected. The legacy of the past and recent policy mistakes have both contributed to the slow progress. As structural reforms and gradual institution building have taken hold, the...

This paper provides comparative analysis of the proximate causes of growth of South East European, Central European and Former Soviet Union countries. The first section covers comparative sources of growth analysis for GDP. Apart from this conventional sources-of-growth analysis, both the demand...

How many years will the average transition economy need to reach the income level of the average OECD country? The favored methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...