Beta convergence in the export volumes in EU countries

  • Miroslav Radiměřský Faculty of Business and Economics, Mendel University Zemědělská 1 613 00 Brno
  • Vladimír Hajko Faculty of Business and Economics, Mendel University Zemědělská 1 613 00 Brno
Keywords: trade, convergence, export

Abstract

This paper investigates the beta convergence in the trade volumes of EU countries.  We focus on a different approach to convergence analysis, namely trade’s contribution to convergence. Neoclassical growth theory assumes there will be a convergence process among the economies, even in absence of trade. Trade relations might, however, speed up this process.  We use panel data for trade volumes of 26 EU countries and test the convergence on particular trade categories.

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Published
2016-11-01
Section
Articles