Evaluation of the income convergence hypothesis in ten new members of the European union: A panel unit root approach | Zendy

Reza Ranjpour | Zendy; Takanlou Zahra | Zendy

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Evaluation of the income convergence hypothesis in ten new members of the European union: A panel unit root approach

Author(s) -

Reza Ranjpour,

Takanlou Zahra

Publication year - 2008

Publication title -

panoeconomicus

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.289

H-Index - 14

eISSN - 2217-2386

pISSN - 1452-595X

DOI - 10.2298/pan0802157r

Subject(s) - european union , unit root , convergence (economics) , sample (material) , panel data , per capita , per capita income , economics , unit (ring theory) , econometrics , demographic economics , international trade , international economics , macroeconomics , mathematics , demography , sociology , population , chemistry , mathematics education , chromatography

In this paper, different tests of unit root in panel data are implemented for studying real economic convergence and catching-up in ten new members of European Union (EU) toward average EU per capita income and average of ancient members. We used the "EuroStat" quarterly real per capita output data on the period 1995 - 2005. The results support existence of absolute convergence and catching-up processes in sample countries towards EU standards.

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