Modelling of Maastricht Convergence Criteria Influence on Economic Growth: an empirical study of Visegrad Group countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86087940" target="_blank" >RIV/61989100:27510/14:86087940 - isvavai.cz</a>
Result on the web
<a href="http://www.wseas.org/multimedia/journals/economics/2014/a265707-227.pdf" target="_blank" >http://www.wseas.org/multimedia/journals/economics/2014/a265707-227.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Modelling of Maastricht Convergence Criteria Influence on Economic Growth: an empirical study of Visegrad Group countries
Original language description
Since creation of the Euro Area the fulfillment of the Maastricht criteria is the exhaustively defined condition for the adoption of the euro. Given that these criteria were criticized from the very beginning, the importance of study of real convergencehas become again vivid in past years. In 2008, most of the European Union member states experienced significant growth deceleration and this systemic crisis has certainly affected the convergence process. Thus this paper aims to evaluate the Maastricht criteria influence on real convergence and to show how recent crisis affected the real convergence process in Visegrad Group countries to the Euro Area average economic level. The model is calculated using panel regression method with multiplicative dummyvariables and the model parameters are estimated by GLS estimator. Evidence from Visegrad Group countries indicates convergence slowdown in times of a recession, however it does not confirmed any divergence during crisis.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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