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Scientific paper - Original scientific paper
Different convergence rates of new EU member states: Panel data analysis of the causes
Croatian Operational Research Review, 11 (2020), 2; 291-300. https://doi.org/10.17535/crorr.2020.0023
Viskovic, Josip; Burnac, Pasko; Ramljak, Ivan

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Viskovic, J., Burnac, P. & Ramljak, I. (2020). Different convergence rates of new EU member states: Panel data analysis of the causes. Croatian Operational Research Review, 11. (2), 291-300. doi: 10.17535/crorr.2020.0023

Viskovic, Josip, et al. "Different convergence rates of new EU member states: Panel data analysis of the causes." Croatian Operational Research Review, vol. 11, no. 2, 2020, pp. 291-300. https://doi.org/10.17535/crorr.2020.0023

Viskovic, Josip, Pasko Burnac and Ivan Ramljak. "Different convergence rates of new EU member states: Panel data analysis of the causes." Croatian Operational Research Review 11, no. 2 (2020): 291-300. https://doi.org/10.17535/crorr.2020.0023

Viskovic, J., Burnac, P. and Ramljak, I. (2020) 'Different convergence rates of new EU member states: Panel data analysis of the causes', Croatian Operational Research Review, 11(2), pp. 291-300. doi: 10.17535/crorr.2020.0023

Viskovic J, Burnac P, Ramljak I. Different convergence rates of new EU member states: Panel data analysis of the causes. Croatian Operational Research Review [Internet]. 2020 [cited 2024 November 11];11(2):291-300. doi: 10.17535/crorr.2020.0023

J. Viskovic, P. Burnac and I. Ramljak, "Different convergence rates of new EU member states: Panel data analysis of the causes", Croatian Operational Research Review, vol. 11, no. 2, pp. 291-300, 2020. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:124:439116. [Accessed: 11 November 2024]

Metadata
Title (english)Different convergence rates of new EU member states: Panel data analysis of the causes
AuthorJosip Viskovic
AuthorPasko Burnac
AuthorIvan Ramljak
Author's institutionUniversity of Split
Faculty of economics Split
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
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.
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleCroatian Operational Research Review
Numberingvol. 11, no. 2, pp. 291-300
p-ISSN1848-0225
e-ISSN1848-9931
DOIhttps://doi.org/10.17535/crorr.2020.0023
URN:NBNurn:nbn:hr:124:439116
Publication2020
Document URLhttps://hrcak.srce.hr/248157
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-07-18 11:42:02