Citation

Discussion Paper Details

Please find the details for DP2285 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Limited Macroeconomic Convergence in Transition Countries

Author(s): Evzen Kocenda

Publication Date: November 1999

Keyword(s): Convergence, Economic Integration, Panel Unit-Root Test and Transition

Programme Area(s): Transition Economics

Abstract: This paper analyzes performance of the transition economies in the Central and Eastern European (CEE) countries in terms of their convergence in selected macroeconomic fundamentals. The analysis uses monthly data on industrial output, money aggregate (M1), consumer prices and producer prices from 1991 to 1998. The analysis is carried out within distinctive groups of countries based on different trade and geographical arrangements, and uses a panel unit-root test as an econometric tool. In general, we conclude that the transition CEE countries were not successful in achieving a certain degree of natural economic integration among them so far. Certain levels of convergence occurred only for a limited number of countries at the advanced stage of transition process.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2285

Bibliographic Reference

Kocenda, E. 1999. 'Limited Macroeconomic Convergence in Transition Countries'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2285