Convergence achieved during EU membership
Keywords:
convergence, GDP per capita at PPP, catching up, extrapolation, benchmarkAbstract
According to the pace of convergence of new member states of Eastern Europe to EU average the author identify three different speed and therefore three convergence groups. The gap between best performers and the rest appears to constantly increase meaning that individual competitiveness matter rather than any theory for universal convergence due to EU membership. The conventional researches agree on the two speed concept referring to „old“ and to „new“ member states. However this analysis, provides significant evidence that there should be a rather multi speed approach even for the „new“ member states considering the difference in performance of identified groups. Extrapolating current trends best performers have a 10 to 15 years time horizon to align with EU economic standards.
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