WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 11, 2014
Sigma Versus Beta-Convergence in EU28 in Financial Crisis and Post-Crisis Period
Author: Kateřina Dvoroková
Abstract: This paper focuses on evaluation of the impact of the global financial crisis on the process of real convergence within the EU28 economies. The beta-convergence approach is verified by the use of cross-sectional linear regression analysis. The sigma-convergence is tested by standard deviation of real GDP per capita. The aim is to verify the hypothesis that the beta- and sigma-convergence (β- and σ-convergence) approaches for the study of real convergence lead to different conclusions in the period 2001-2012.