Prethodno priopćenje
https://doi.org/10.62366/crebss.2025.1.003
Income convergence of Croatia within the European Union: An empirical analysis of fractional integration
Luka Šikić
orcid.org/0009-0006-3519-0272
; Hrvatsko Katoličko Sveučilište, Zagreb, Hrvatska
*
* Dopisni autor.
Sažetak
The paper analyzes Croatia's income convergence over the period from 2000 to 2024 with respect to four groups of countries: the EU15, NMS8, NMS12, and SE4. Using time series methodology and fractional integration, the study examines Croatia's affiliation with different convergence clubs within the European Union. The results indicate that Croatia is converging toward the income levels of the EU15 and SE4, with estimated fractional integration parameters of 0.87 and 0.95, respectively. This suggests a slow but steady convergence process. However, convergence toward the NMS8 and NMS12 groups is not confirmed, as the parameters exceed 1, indicating persistent income disparities. These findings imply that Croatia is economically aligning more closely with the older EU member states and Southern European countries, but not with the newer member states.
Ključne riječi
income convergence; fractional integration; convergence cubs; process of European integration
Hrčak ID:
332289
URI
Datum izdavanja:
17.6.2025.
Posjeta: 873 *