Economic convergence of the Western Balkans towards the EU-15
This paper aims to analyze the beta convergence of Western Balkan countries towards the EU-15 Member States in the period 2004-2016, and two sub-periods: 2004-2008 and 2009-2013. Beta convergence is based on the neoclassical growth theory and tests the hypothesis that poor countries tend to grow fas...
- Autores:
-
Nagy, Sándor Gyula
Siljak, Dzenita
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2019
- Institución:
- Universidad Católica de Colombia
- Repositorio:
- RIUCaC - Repositorio U. Católica
- Idioma:
- spa
- OAI Identifier:
- oai:repository.ucatolica.edu.co:10983/23681
- Acceso en línea:
- https://hdl.handle.net/10983/23681
- Palabra clave:
- CONVERGENCIA BETA
BALCANES OCCIDENTALES
UNIÓN EUROPEA
ANTIGUOS ESTADOS MIEMBROS
CRECIMIENTO ECONÓMICO
- Rights
- closedAccess
- License
- Derechos Reservados - Universidad Católica de Colombia, 2019
| Summary: | This paper aims to analyze the beta convergence of Western Balkan countries towards the EU-15 Member States in the period 2004-2016, and two sub-periods: 2004-2008 and 2009-2013. Beta convergence is based on the neoclassical growth theory and tests the hypothesis that poor countries tend to grow faster than rich countries, in per capita terms. The empirical findings support the economic convergence hypothesis, with convergence rates ranging from 1.1% to 2.3%. The results show that the recent financial crisis negatively affected the absolute and conditional convergence process, when economic variables are included. The main limitation of the research is the availability of data. |
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