This paper investigates per capita real income convergence in the European Union (EU)
within a non-linear latent factor framework. We establish a set of novel stylized facts on …

We review the literature on business cycle correlation between the euro area and the
Central and Eastern European countries (CEECs), a topic that has gained attention as the …

Tourism significantly increased in the EU-28 in recent years. In the present study, the 28
member states were analysed for the period between 2012 and 2018, depending on data …

Convergence studies are concerned with the question of whether poor economies catch-up
to wealthier economies over time. The regional convergence process in Europe has …

Devaluation or depreciation of a currency worsens the trade balance before improving it,
resulting in a J-curve pattern. A new definition of the hypothesis implies a short-run …

The enlargement of the European Union in 2004 to include Central and Eastern European
countries has revived the convergence debate. This study concentrates on the empirical …

The paper aims to assess the real economic convergence among eight CEE countries that
accessed the EU: the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland …

This paper shows that CEE countries converge in manufacturing productivity to more
developed EU countries, while southern EU countries have failed to converge. Large …

This paper analyzes the real economic convergence between the new EU entrants in
Central and Eastern Europe (CEE-8) and the EU core (EU-12 or EU-15). It includes new …

We analyze exchange rate volatility in the Visegrad Four countries during the period in
which they abandoned tight regimes for more flexible ones. We account for path …