Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323443 
Title (translated): 
Income convergence of Croatia within the European Union: An empirical analysis of fractional integration
Authors: 
Year of Publication: 
2025
Citation: 
[Journal:] Croatian Review of Economic, Business and Social Statistics (CREBSS) [ISSN:] 2459-5616 [Volume:] 11 [Issue:] 1 [Year:] 2025 [Pages:] 35-49
Publisher: 
Croatian Statistical Association (CSA), Zagreb
Abstract (Translated): 
The paper analyzes Croatia's income convergence over the period from 2000 to 2024 with respect to four groups of countries: the EU15, NMS8, NMS12, and SE4. Using time series methodology and fractional integration, the study examines Croatia's affiliation with different convergence clubs within the European Union. The results indicate that Croatia is converging toward the income levels of the EU15 and SE4, with estimated fractional integration parameters of 0.87 and 0.95, respectively. This suggests a slow but steady convergence process. However, convergence toward the NMS8 and NMS12 groups is not confirmed, as the parameters exceed 1, indicating persistent income disparities. These findings imply that Croatia is economically aligning more closely with the older EU member states and Southern European countries, but not with the newer member states.
Subjects: 
income convergence
fractional integration
convergence cubs
process of European integration
JEL: 
C22
F15
O47
R11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.