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dc.contributor.authorPipień, Mateusz
dc.contributor.authorRoszkowska, Sylwia
dc.description.abstractFor two groups of post-communist countries (CEE and CIS) we estimated the parameters of convergence equations on the basis of annual data. We depart from standard econometric theory, which involves panel regression techniques. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE). We show empirical evidence in favour of the variability of parameters describing the convergence effect and productivity growth rates across countries. Our approach seems a convincing alternative to the panel regression approach where random effects can be estimated, imposing an assumption about the constancy of structural parameters within the group of countries under analysis. We discuss the role of the global financial crisis in the heterogeneity of convergence processes and productivity at the country level. The aforementioned SURE model was estimated based on two datasets, one containing observations prior to the crisis and the second containing the whole sample.pl_PL
dc.description.sponsorshipThis research was financed by National Science Centre, Poland (decision DEC-2016/21/B/HS4/01565)pl_PL
dc.publisherFaculty of Economics and Sociologypl_PL
dc.relation.ispartofseriesLodz Economics Working Papers;
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska*
dc.subjectlabour productivitypl_PL
dc.subjecteconomic growthpl_PL
dc.titleThe Heterogeneity of Convergence in Transition Countriespl_PL
dc.typeWorking Paperpl_PL
dc.contributor.authorAffiliationDepartment of Econometrics and Operations Research, Cracow University of Economicspl_PL
dc.contributor.authorAffiliationDepartment of Macroeconomics, Faculty of Economics and Sociology, University of Lodzpl_PL
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Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska
Except where otherwise noted, this item's license is described as Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska