Keywords
GDP per capita at PPP
catching up
extrapolation
benchmark
How to Cite
Abstract
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.
References
Ангелов, Г. Кой е виновен за кризата. Отговорът на австрийската икономическа школа. София: Сиела, 2010.
Ганев, П., С. Костадинова. Съставители. Анатомия на кризата. София: Институт за пазарна икономика, 2015.
Захариев, А. Философия на дефицитното финансиране. Велико Търново: Абагар, 2000.
Boyle, G. E. and T. E. McCarthy. Simple measures of convergence in per capita GDP: A note on some further international evidence. – In: Applied Economics Letters, Vol. 6, No. 6, 1999.
CEPS. Income convergence in the EU: A tale of two speeds. [online]. [accessed 19 November 2018].
Eurostat. Final report of the expert group on quality of life indicators. Luxembourg: Publications Office of the European Union, 2017.
OECD. How’s Life? 2015: Measuring well-being. Paris: OECD Publishing, 2015.
Solow, R. A contribution to the theory of economic growth. – In: The Quarterly Journal of Economics, Vol. 70, No. 1, 1956.
UN. Human Development Report 2016: Human development for everyone. New York, 2016.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright (c) 2019 2019