Economics, Econometrics and Finance
4 years ago

EU countries show limited convergence in income levels over two decades.

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RePEc: Research Papers in Economics
On the Use of Panel Stationarity Tests in Convergence Analysis: Empirical Evidence for the EU Countries
Mariusz Próchniak, Bartosz Witkowski

Paper Summary

The article looks at how countries in the EU are getting closer in terms of their average income levels. They use a special method to see if countries are catching up to each other in terms of wealth. The results show that not all countries are converging as much as expected, even when considering other factors that could affect their growth.

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