Economic and Wage Convergence Within EU Countries

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Economic and Wage Convergence Within EU Countries

Popis výsledku v původním jazyce

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&apos;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.

Název v anglickém jazyce

Economic and Wage Convergence Within EU Countries

Popis výsledku anglicky

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&apos;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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

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

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

67-75

Název nakladatele

Slezská univerzita v Opavě

Místo vydání

Opava

Místo konání akce

Čeladná

Datum konání akce

12. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000485363200008