Economic Growth and Beta-Convergence between EU and Ukraine

Abstract

The empiric analysis of convergence processes between Ukraine and EU countries showed that the most spreading method of convergence presence in the rate of economic development is the reduction of the inequality of GDP per capita level among the countries groups. The main characteristics of the convergence hypothesis are checked on the example of EU and Ukraine. Thus, the economic dependence of emerging countries from developed countries is primarily manifested in the fact that developed countries are net-exporters of capital to developing countries, while developing countries are, in fact, their debtors. The hypothesis of EU and Ukraine integration is checked on the base of convergence test.