Eftimoski, Dimitar (2018) Is the Rate of Economic Convergence in Central, Eastern and Southeastern European Countries Really High? In: 2nd International Scientific Conference on Economics and Management, 22.03.2018, Ljubljana, Slovenia.
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Abstract
This paper uses the augmented version of the Solow growth model and the determinants-of-growth regressions approach to examine the convergence in standards of living among Central, Eastern, and Southeastern European (CESEE) countries. For different variables that are held constant in order to proxy the country's steady-state level, the results of our exercise show unexpectedly high rates of economic convergence that range from 4.2% to 8,2% per year. It might imply that our first-differenced GMM estimator is seriously biased downwards.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Law |
| Depositing User: | PhD Dimitar Eftimoski |
| Date Deposited: | 20 Jan 2026 08:43 |
| Last Modified: | 20 Jan 2026 08:43 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/11312 |
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