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...

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...