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Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
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http://hdl.handle.net/10419/25033
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| Title: | | Are Eastern European countries catching up?: Time series evidence for Czech Republic, Hungary, and Poland  |
| Authors: | | Brüggemann, Ralf Trenkler, Carsten |
| Issue Date: | | 2005 |
| Series/Report no.: | | SFB 649 discussion paper 2005,014 |
| Abstract: | | The catching up process in Czech Republic, Hungary, and Poland is analyzed by investigating the integration properties of log-differences in per-capita GDP versus the EU15 and a Mediterranean country group. We account for structural changes by using unit root tests that allow for two endogenous breaks in the level and the trend. We find that Czech Republic and Hungary are stochastically converging towards the Mediterranean group, while only Czech Republic is stochastically converging towards EU15. Remaining per capita GDP differences are only reduced by deterministic trends. Extrapolating these trends we find that catching up will take about 20 years. |
| Subjects: | | Stochastic convergence Catching Up Unit root tests EU accession |
| JEL: | | C32 E24 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
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