Original scientific paper

https://doi.org/10.15179/ces.16.2.1

Institutional and Socio-Economic Convergence in the European Union

Jordi López-Tamayo orcid.org/0000-0002-5293-6738 ; AQR Research Group-IREA, Universitat de Barcelona, Spain
Raul Ramos orcid.org/0000-0003-0047-0793 ; AQR Research Group-IREA, Universitat de Barcelona, Spain
Jordi Suriñach ; AQR Research Group-IREA, Universitat de Barcelona, Spain

Abstract

The objective of this paper is to analyze convergence in institutional, social, and macroeconomic conditions between EU member states. Our analysis covers the period 1995-2013 and considers the potential impact of the Great Recession. With this aim, we use a composite indicator that combines information from 51 hard and soft indicators, and we estimate convergence equations for the composite indicator and its seven dimensions considering different country groups. The obtained results show evidence of conditional convergence among EU member states but limited evidence of unconditional convergence over the considered period.

Keywords

convergence; economic performance; social indicators; institutional quality; European Union

Hrčak ID:

131713

URI

https://hrcak.srce.hr/131713

Publication date:

29.12.2014.

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