Publication detail

ASSESSMENT OF ECONOMIC CONVERGENCE AMONG COUNTRIES IN THE EUROPEAN UNION

SZCEPAŃSKA-WOSZCZYNA, K. GEDVILAITE, D. NAZARKO, J. STASIUKYNAS, A. RUBINA, A.

Original Title

ASSESSMENT OF ECONOMIC CONVERGENCE AMONG COUNTRIES IN THE EUROPEAN UNION

Type

journal article in Web of Science

Language

English

Original Abstract

The debate on the presence of economic benefits in the European Union (EU) is not over. The study responds unequivocally to this question, with the intensity of economic develop-ment in the countries that joined the European Union in 2004 and beyond twice as high as that of the countries that joined it this year, i.e. the EU's old ones compared to the new ones; smooth-ness - 1.1 times and dynamics - 1.6 times. Another important trend for further development is that, as the level of economic development increases, its smoothness is diminishing. In respect of the context of the EP of all EU Members, it turned out that the higher intensity of enlargement was characterised by higher economic levels, with similar homogeneity and almost identical val-ues for the dynamic indicator. The introduction to the article presents the context of the studies, i.e. two groups of EU Community countries are formed according to their level of economic development and the year of their accession to the Community, as well as a survey scheme. The literature review reveals the methods used to analyse the convergence of economic development in these countries, as members of the Community. The research methodology introduces the indicator of economic development of countries and provides a methodology for assessing its dynamics. The empirical part assesses the dynamics of economic development of both groups of countries and identifies trends in terms of convergence. The discussion section summarises the consolidation and destabilising factors in the EU and the importance of the study carried out in this context. The conclusions present the main results of the studies and outline their further directions. The results of the study can be used both in the EU and for the purpose-oriented decisions of its members on further economic development.

Keywords

the economic development of the EU Member States; its intensity; evenness and dy-namism

Authors

SZCEPAŃSKA-WOSZCZYNA, K.; GEDVILAITE, D.; NAZARKO, J.; STASIUKYNAS, A.; RUBINA, A.

Released

7. 11. 2022

Publisher

VILNIUS GEDIMINAS TECH UNIV

Location

VILNIUS

ISBN

2029-4921

Periodical

Technological and Economic Development of Economy

Year of study

28

Number

5

State

Republic of Lithuania

Pages from

1572

Pages to

1588

Pages count

17

URL

https://journals.vilniustech.lt/index.php/TEDE/article/view/17518

BibTex

@article{BUT179542,
  author="Katarzyna {Szcepańska-Woszczyna} and Dainora {Gedvilaite} and Joanicjusz {Nazarko} and Andrius {Stasiukynas} and Aleš {Rubina}",
  title="ASSESSMENT OF ECONOMIC CONVERGENCE AMONG COUNTRIES IN THE EUROPEAN UNION",
  journal="Technological and Economic Development of Economy",
  year="2022",
  volume="28",
  number="5",
  pages="1572--1588",
  doi="10.3846/tede.2022.17518",
  issn="2029-4921",
  url="https://journals.vilniustech.lt/index.php/TEDE/article/view/17518"
}