Trends in Real Convergence and Structural Changes in EU

Stadial development of countries is among consequences of the neoclassical growth model, called also as Solow model. Moreover, the model, supported by empirical studies, contributed to more refined analysis of economic development on a historical scale and to estimate future dynamics of economic systems. Studying together structural changes and convergence is a relatively new topic in literature. By using available statistical data for last decade we estimated parameters of a model that can be useful to simulate structural changes in European Union. Moreover, based on applying a set of concentration indicators (Lorenz curve and its derived indicators, as Gini coefficient, variation coefficient, etc.), we evaluate the real convergence and the so-called structural convergence, at the EU level (EU-27), but also inside of Eastern group of countries (EU-10) and inside of Western group of countries (EU-15). As a main conclusion, a general tendency of convergence was demonstrated at the EU level. However, between the two groups of countries, there were some significant differences both in matter of real convergence and in matter of structural convergence. See above See above