Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Convergence of Real GDP Per Capita in the EU-15: How do the accession countries fit in? ENEPRI Working Paper No. 25, January 2004

Kaitila, Ville. (2004) Convergence of Real GDP Per Capita in the EU-15: How do the accession countries fit in? ENEPRI Working Paper No. 25, January 2004. [Working Paper]

[img]
Preview
PDF
Download (367Kb) | Preview

    Abstract

    The EU15 countries’ real GDP per capita levels adjusted for purchasing power converged in 1960–2001. Convergence occurred in two spells, in 1960–73 and 1986–2001, with an interim period of stagnation. In this paper, we analyse both s and ß convergence and discuss the impact of EU membership, trade and investment. We also analyse how seven accession countries fit into the historical picture of the EU15 area. The CEE countries are wellpositioned to catch up with the incumbent EU countries. After the mid-1990s, an increase in productivity and high investment rates have supported economic growth in the accession countries. Still, the experience of the EU15 countries shows that convergence cannot be taken for granted.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Working Paper
    Uncontrolled Keywords: Convergence; accession countries.
    Subjects for non-EU documents: Countries > Estonia
    Countries > Latvia
    Countries > Slovakia
    Countries > Lithuania
    EU policies and themes > Treaty reform > enlargement
    EU policies and themes > EU institutions & developments > institutional development/policy > historical development of EC (pre-1986)
    Countries > Poland
    Countries > Hungary
    Countries > Czech Republic
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ENEPRI Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 13 Jul 2004
    Page Range: p. 34
    Last Modified: 15 Feb 2011 17:20
    URI: http://aei.pitt.edu/id/eprint/1843

    Actions (login required)

    View Item

    Document Downloads