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Real convergence in some Central and Eastern European countries


Perez de Gracia, Fernando; Cuñado, Juncal


Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-239358

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Abstract This article examines the real convergence hypothesis in some Central and East European countries (both towards the German and the US economies) by means of using time series techniques during the period 1950-2003. We do not find evidence of real convergence for the whole period. However, when we allow for structural breaks, we find evidence of a catch-up process during the nineties-2003 period for Poland, Czech Republic and Hungary towards Germany and only for Poland towards the US economy.
Klassifikation Volkswirtschaftslehre
Freie Schlagwörter real covergence; unit root tests; Central and Eastern Europe
Sprache Dokument Englisch
Publikationsjahr 2006
Seitenangabe S. 2433-2441
Zeitschriftentitel Applied Economics, 38 (2006) 20
DOI http://dx.doi.org/10.1080/00036840500427718
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)