Economic Convergence in the Regions of the European Union Member States in East-Central Europe
Abstract
This article is an attempt to answer the question if the regions of the European Union member states in East-Central Europe witness the phenomenon of economic convergence. The analysis concerns sigma-convergence as well as the absolute beta-convergence. The research relies on the statistic data available from Eurostat for the years 1995-2009. The research reveals that the discrepancies in regional GDPs per capita in the particular East-Central European EU member states were on the increase in the period under analysis, which is hardly optimistic. On the other hand, the analysis concerning economic convergence of the researched group of countries unveil that the process is on the way, which can be a mark of hidden divergence taking place in the particular member states.
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