Structural Σ-Convergence of Exports of Bulgaria and CEE Countries Members of the Euro Area
Keywords:
Divergence, Export structure, Export difference and similarity indices, ConvergenceAbstract
The study focuses on the structural σ-convergence of the export of Bulgaria and the five CEE countries, members of the euro area. By systematization of theoretical concepts basic characteristics of economic, trade, club and structural convergence are summarised. Presented and adapted to the structural σ-convergence of exports are two index methods, which are applied by their authors to study economic convergence. The values of the J. Von Hagen and J. Traistaru dissimilarity index and C. Van de Coeving divergence index are determined. They are calculated by commodity groups (according to SITS, Rev. 4) in exports of Bulgaria, Estonia, Latvia, Lithuania, Slovakia and Slovenia, and as aggregated for all exports during the period 2002-2018. The results are presented in graphic form. On the index values basis, commodity groups in exports were derived, on which Bulgaria and the other five CEE countries achieved convergence or differences with the similar structural indicators for euro area exports, entered as reference values. Leading aggregated trends in the divergence and/or convergence of exports of the six countries are outlined. It is concluded that the five member states of the Eurozone have achieved greater convergence than Bulgaria, which in many cases is unstable and is neutral to the introduced and used common currency, the euro. In the study, methods of analysis and synthesis, induction and deduction, methods of empirical index and comparative analysis are applied.References
RJ Barro, X Sala-i-Martin - Journal of political Economy, 1992 (1992). Convergence. Journal of Political Economy, 223-251. URL: https://www.journals.uchicago.edu/doi/abs/10.1086/261816
Robert J. and Xavier and Barro and Sala-i-Martin and first and additional (1997). Technological Diffusion, Convergence, and Growth. Journal of Economic Growth, 1-26. DOI: https://doi.org/10.1023/a:1009746629269
WJ Baumol - The american economic review, 1986 (1986). Productivity growth, convergence, and welfare: what the long-run data show. American Economic Review, 1072-1085. URL: https://www.jstor.org/stable/1816469
R Dobrinsky (2013). What is Happening to Growth in Europe?. URL: https://www.econstor.eu/handle/10419/204157
SN Durlauf, PA Johnson, JRW Temple - Handbook of economic growth, 2005 (2005). Growth econometrics. Amsterdam: North Holland. URL: https://www.sciencedirect.com/science/article/pii/S1574068405010087
G Erlat, S Ekmen - Proc. Anadolu International Conference in …, 2009 (2009). Export similarity and competitiveness: The case of Turkey in the EU Market. EconAnadolu 2009: Anadolu International Conference in Economics (Ed. NA). URL: https://www.researchgate.net/profile/Guzin-Erlat/publication/239860689_Export_Similarity_And_Competitiveness_The_Case_Of_Turkey_in_The_EU_Market/links/5760309208aeeada5bc2f270/Export-Similarity-And-Competitiveness-The-Case-Of-Turkey-in-The-EU-Market.pdf (accessed n.d.)
D Rodrik - Handbook of economic growth, 2005 (2005). Growth strategies. URL: https://www.sciencedirect.com/science/article/pii/S1574068405010142
D Rodrik (2011). The future of economic convergence. URL: https://www.nber.org/papers/w17400
Mihaela and Simionescu and first (2014). TESTING SIGMA CONVERGENCE ACROSS EU-28. Economics & Sociology, 7(1), 48-60. DOI: https://doi.org/10.14254/2071-789x.2014/7-1/5
C Van de Coevering - MEB Series, 2003 (2003). Structural convergence and monetary integration in Europe. URL: https://pywb.nationaalarchief.nl/nl/all/20141101200000mp_/https://www.dnb.nl/binaries/serie2003-20_tcm46-147349.pdf
Downloads
Published
Issue
Section
License
Copyright (c) 2020 Vera Pirimova (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright to their works.
All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.
