Different convergence rates of new EU member states: Panel data analysis of the causes

IF 0.5 Q4 ECONOMICS

Croatian Operational Research Review Pub Date : 2020-01-01 DOI:10.17535/crorr.2020.0023

Josip Visković, Paško Burnać, I. Ramljak

引用次数: 0

Abstract

This paper, using panel data analysis, tries to identify factors regarding the different convergence rates of CESEE EU member countries’ real income between 2002 and 2018. Stylized convergence facts are identified and the drivers of economic growth based on production function, i.e. the accumulation of labour and capital and total factor productivity (TFP) growth have been analysed. Moreover, paper takes into account other variables that have been recognized as growth determining factors – trade openness, FDI, labour market and integration level, as well as TFP determining factors – institutional quality, innovation and human capital. Based on the research results trade openness and gross capital formation have been identified as key factors regarding real income growth of analysed countries. Also, it has been confirmed that growth of CESEE countries is strongly affected by the growth of Eurozone. Finally, the authors’ conclusion is that several CESEE countries are facing institutional convergence challenges.

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欧盟新成员国的不同趋同率:成因的面板数据分析

本文采用面板数据分析方法，试图找出影响CESEE欧盟成员国2002 - 2018年实际收入趋同率差异的因素。确定了程式化的趋同事实，并分析了基于生产函数的经济增长驱动因素，即劳动力和资本的积累以及全要素生产率(TFP)的增长。此外，本文还考虑到被认为是增长决定因素的其他变量- -贸易开放程度、外国直接投资、劳动力市场和一体化水平，以及TFP决定因素- -体制质量、创新和人力资本。根据研究结果，贸易开放度和总资本形成被确定为影响分析国家实际收入增长的关键因素。此外，已经证实CESEE国家的增长受到欧元区增长的强烈影响。最后，作者的结论是，一些CESEE国家正面临制度趋同的挑战。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Croatian Operational Research Review ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

22 weeks

期刊介绍： Croatian Operational Research Review (CRORR) is the journal which publishes original scientific papers from the area of operational research. The purpose is to publish papers from various aspects of operational research (OR) with the aim of presenting scientific ideas that will contribute both to theoretical development and practical application of OR. The scope of the journal covers the following subject areas: linear and non-linear programming, integer programing, combinatorial and discrete optimization, multi-objective programming, stohastic models and optimization, scheduling, macroeconomics, economic theory, game theory, statistics and econometrics, marketing and data analysis, information and decision support systems, banking, finance, insurance, environment, energy, health, neural networks and fuzzy systems, control theory, simulation, practical OR and applications. The audience includes both researchers and practitioners from the area of operations research, applied mathematics, statistics, econometrics, intelligent methods, simulation, and other areas included in the above list of topics. The journal has an international board of editors, consisting of more than 30 editors – university professors from Croatia, Slovenia, USA, Italy, Germany, Austria and other coutries.