Open AccessREGIONAL CONVERGENCE THEORIES – CONFORMITY WITH THE EU DEVELOPMENT
Author(s) -
Stoyan Totev
Publication year - 2020
Publication title -
trakia journal of sciences
Language(s) - English
Resource type - Journals
eISSN - 1313-3551
pISSN - 1312-1723
DOI - 10.15547/tjs.2020.s.01.072
Subject(s) - convergence (economics) , conformity , club , economics , convergence clubs , conditional convergence , member states , period (music) , econometrics , european union , mathematical economics , positive economics , international trade , political science , macroeconomics , law , physics , anatomy , acoustics , medicine
A critical review of neoclassical and new economic theories on their correspondence to empirical results for economic development has been made. In the light of these theories, three leading hypotheses for convergence have been considered -- "unconditional β-convergence", "conditional β-convergence" and "club convergence". An assessment was made, for the existence of economic convergence in the EU countries at different levels EU-28, EU-15 and the new member states of Central and Eastern Europe, for the period 2007 - 2017 Based on the obtained results, some summaries and conclusions are made.