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L.I. Smirnykh, A. Wörgötter:
"Regional convergence in CEE before and after the Global Financial Crisis";
Bericht für ECON WPS - Working Papers in Economic Theory and Policy; Berichts-Nr. 03/2021, 2021; 26 S.

In this study we analyze the convergence of GDP per capita from 2000 to2013 (current prices
and euro exchange rates) for eight countries (Czech Republic, Slovakia, Slovenia, Hungary, Poland,
Estonia, Latvia and Lithuania) of the European Union (CEE8). Some convergence indicators are also
calculated for the CEE8 as a whole. The main purpose of this study is to shed some light on the impact
of the Global Financial Crisis (GFC) on regional convergence in advanced emerging countries, like
the CEE8. The main result of random effects panel regressions for unconditional beta-convergence
is that significant convergence is found for the whole period from 2000-2013, but not for sub-periods
on either end of the sample, except for Hungary and Poland. This means, that convergence in most
CEECs is only significant if the GFC is included in the estimation period. The role of capital regions
for the convergence process is an item for future research.
Motivation
"Compared to their peak at the beginning of the economic crisis, regional economic dif

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