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Convergence and Transition of the Eastern Partnership Countries towards the European Union
Entrepreneurial Business and Economics Review ( IF 2.6 ) Pub Date : 2019-01-01 , DOI: 10.15678/eber.2019.070312
Dzenita Siljak , Sándor Gyula Nagy

Objective: This article aims to present the convergence analysis results for the Eastern Partnership EaP countries and the twenty-eight members of the European Union (EU). Research Design & Methods: The relationships between the selected macroeconomic variables and per capita GDP growth rate are econometrically tested to support this research. We analyse the convergence during the period of 2004-2017, but also include two sub-periods: 2004-2008 and 2009-2013. Findings: The empirical findings support the economic convergence hypothesis. The results show that the recent financial crisis negatively affected the absolute and conditional convergence process, when economic variables are included in the analysis. The negative effects of the crisis on conditional convergence with economic and socio-political variables are not identified. Implications & Recommendations: Poorer countries in the analysed group should do more to open their economies to attract investment, as gross fixed capital formation and economic openness have a positive impact on per capita growth, while general government debt, unemployment and inflation should be stabilised in the examined sample of countries. Contribution & Value Added: The contribution of this article is reflected in the fact that it examines a geographic and economic area that has been under examined. The analyses on the Eastern Partnership countries convergence process towards the European Union are almost nonexistent. Economic literature on convergence has focused on the EU Member States, while the analyses on the Eastern Partnership countries convergence process towards the EU are almost nonexistent. Article type: research article

中文翻译:

东部伙伴国向欧盟的趋同和转型

目的:本文旨在展示东部伙伴关系 EaP 国家和欧盟 (EU) 28 个成员国的趋同分析结果。研究设计和方法:选定的宏观经济变量与人均 GDP 增长率之间的关系经过计量经济学测试以支持这项研究。我们分析了 2004-2017 年期间的收敛性,但也包括两个子时期:2004-2008 和 2009-2013。结果:实证结果支持经济趋同假设。结果表明,当经济变量被纳入分析时,最近的金融危机对绝对收敛过程和条件收敛过程产生了负面影响。危机对经济和社会政治变量有条件收敛的负面影响尚未确定。启示和建议:分析组中的较贫穷国家应采取更多措施开放其经济以吸引投资,因为固定资本形成总额和经济开放度对人均增长有积极影响,而广义政府债务、失业率和通货膨胀应在被审查的国家样本。贡献和附加值:本文的贡献体现在它考察了一个被考察的地理和经济区域。对东部伙伴关系国家趋于欧盟进程的分析几乎不存在。关于趋同的经济文献主要集中在欧盟成员国,而对东部伙伴关系国家趋向欧盟进程的分析几乎不存在。文章类型:
更新日期:2019-01-01
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