MEASURING OF THE REA L CONVERGENCE IN THE EUROPEAN UNION : PRE - CRISIS EVIDENCE

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86099902" target="_blank" >RIV/61989100:27510/16:86099902 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

MEASURING OF THE REA L CONVERGENCE IN THE EUROPEAN UNION : PRE - CRISIS EVIDENCE

Original language description

The paper deals with an application of econometric techniques for modelling of real convergence. Economic convergence in general is understood as a process of decreasing of differences in the economic level and efficiency of individual countries, and therefore it serves as a starting point of the international comparison and important part of macroeconomic analyses as well. When the Czech Republic joined the EU in 2004, agreed to take steps to become a member of a higher degree of integration as soon as possible. For this purpose, to determine whether the EU member states are ready to join the Eurozone, nominal convergence criteria were defined, but they are not primarily used to determine the real convergence. The main goal of this paper is to evaluate the hypothesis that the economic level of the Czech Republic and the Eurozone states converged in the pre-crisis period 1995-2009 to the average economic level of the Eurozone. The theoretical part of the paper is devoted to the methodological bases of the economic convergence. The empirical part is aimed at econometric modelling of real convergence of economic level in selected economies. The final part of the paper summarizes main findings of the paper that confirmed the real convergence process within the Czech Republic and Eurozone countries before economic crisis in period 1995-2009.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of 14th International Scientific Conference Economic Policy in the European Union Member Countries: September 14-16, 2016, Petrovice u Karviné, Czech Republic. Part 1

ISBN

978-80-7510-210-2

ISSN

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e-ISSN

neuvedeno

Number of pages

12

Pages from-to

120-131

Publisher name

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Place of publication

Karviná

Event location

Petrovice u Karviné

Event date

Sep 14, 2016

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000403638200013