Economic convergence between the CEE-8 and the European Union

This paper analyzes the real economic convergence between the new EU entrants in Central and Eastern Europe (CEE-8) and the EU core (EU-12 or EU-15). It includes new estimates on the speed of income-level convergence and new findings about the conformity of cyclical changes. The results offer further evidence of continuous progress in real economic convergence between Central and Eastern Europe and the European Union.