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The Share of European Economies in the Process of Convergence of Long-term Interest Rates in the EU in the Period of 2006–2016

Dynamic Econometric Models

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Title The Share of European Economies in the Process of Convergence of Long-term Interest Rates in the EU in the Period of 2006–2016
 
Creator Szulc, Elzbieta; Nicolaus Copernicus University in Toruń
Górna, Karolina; Nicolaus Copernicus University in Toruń
Wleklińska, Dagna; Nicolaus Copernicus University in Toruń
 
Subject long term interest rates; process of convergence; fiscal stability; panel models; matrix of economic connections
C1; E430; E440; E620; F340; F360
 
Description The paper refers to the process of convergence of interest rates of ten-year government bonds emitted by EU countries. It is an attempt to assess the participation of particular European economies in this process. The primary tools of analysis were panel models with fixed effects, including models that consider the links among economies, which are quantified by using a distance matrix between indicators of fiscal stability comprehended as the share of public debt in GDP. The idea of the so-called vertical convergence was used. The analysis was conducted on the basis of pooled time series and cross-sectional data for the 27 members of the EU in the period between January 2006 and November 2016.
 
Publisher Nicolaus Copernicus University
 
Contributor —
 
Date 2016-12-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2016.010
10.12775/DEM.2016.010
 
Source Dynamic Econometric Models; Vol 16 (2016); 165-187
Dynamic Econometric Models; Vol 16 (2016); 165-187
2450-7067
1234-3862
 
Language eng
 
Relation http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2016.010/11078
 
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