Economic and Wage Convergence Within EU Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10240868" target="_blank" >RIV/61989100:27510/18:10240868 - isvavai.cz</a>
Result on the web
<a href="https://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2018/sbornik-1/" target="_blank" >https://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2018/sbornik-1/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Economic and Wage Convergence Within EU Countries
Original language description
The phenomenon of economic convergence in the European Union has been abundant and frequent topic, both in professional circles and among the lay public. Despite the high degree of integration of European regions, the EU is still an area where significant differences in key economic indicators exist across Member States. The aim of the paper is to evaluate the process of economic convergence within the European Union based on the analysis of the economic and wage level development and the evaluation of the Czech Republic's position in this process. Based on econometric modelling of β-convergence, it has been found that the countries surveyed converge to a common steady state, which is defined as the EU average economic and wage level. Empirical results also show that economic level convergence is proceeding faster than wage convergence. The results of the analysis further prove the convergence of the Czech Republic to the average economic and wage level of the most advanced euro area countries (EA-6), although in the terms of speed of the convergence the Czech Republic is lagging behind other CEE countries, especially Estonia, Lithuania, Latvia and Slovakia.
Czech name
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Czech description
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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
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Economic policy in the european union member countries : proceedings of 16th international scientific conference : September 12-14, 2018, Čeladná, Czech Republic
ISBN
978-80-7510-289-8
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
67-75
Publisher name
Slezská univerzita v Opavě
Place of publication
Opava
Event location
Čeladná
Event date
Sep 12, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000485363200008

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