The process of European integration has introduced a valuable empirical example on the impact of economic integration on income convergence. Many empirical papers confirm the income convergence within the new member states and between the new and old members. At the same time it is found that...

Economic growth is defined as the percentage output increase in an economy, e.g. a nation, a region or a municipality. The economic growth is closely related to the industrial structure, health, demography and income distribution of the economy. The most used measure for national economic growth...