Balkan Area and EU-15: An Empirical Investigation of Income Convergence

  • Eftychia Tsanana
  • Constantinos Katrakilidis
  • Panagiotis Pantelidis
Part of the Contributions to Economics book series (CE)


This paper empirically explores the issue of income convergence of the Balkan economies with the European Union’s-15 average (EU-15) over the period 1989–2009. The adopted econometric methodology has been suggested by Nahar and Inder (2002) and is considered more efficient in detecting possible catching up effects compared to the relevant conventional methods. The findings of this paper point out the existence of dissimilarities among the examined Balkan economies in the process to catch up with the EU-15. In particular, the results support income convergence with the EU-15 only for Greece and Slovenia.


European Union Balance Growth Path Balkan Country North Atlantic Treaty Organization Neoclassical Growth Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • Eftychia Tsanana
    • 1
  • Constantinos Katrakilidis
    • 1
  • Panagiotis Pantelidis
    • 2
  1. 1.Department of Economics, School of Law, Economics and Political SciencesAristotle University of ThessalonikiThessalonikiGreece
  2. 2.Department of Business Administration, School of Economics and Business AdministrationSerres, TEI of SerresSerresGreece

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