Sigma Versus Beta-convergence in EU28 in Financial Crisis and Post- crisis Period
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چکیده
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 crosssectional 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 betaand sigma-convergence (βand σ-convergence) approaches for the study of real convergence lead to different conclusions in the period 2001-2012. Key-Words: sigma-convergence, beta-convergence, cross-sectional analysis, EU, financial crisis
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