REGIONAL CONVERGENCE THEORIES – CONFORMITY WITH THE EU DEVELOPMENT

Abstract

A critical review of neoclassical and new economic theories on their correspondence to empirical results for economic development has been made. In the light of these theories, three leading hypotheses for convergence have been considered -- "unconditional β-convergence", "conditional β-convergence" and "club convergence". An assessment was made, for the existence of economic convergence in the EU countries at different levels EU-28, EU-15 and the new member states of Central and Eastern Europe, for the period 2007 - 2017 Based on the obtained results, some summaries and conclusions are made.

Keywords

• economic theories
• regional convergence
• eu