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March 14, 2026Social SciencesOpen Access

Income Convergence in Europe: The Role of Institutions and Structural Factors

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Authors

GLGoran LalićUniversity of Novi SadDTDragana TrifunovićUniversity of Novi Sad

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Overview

Panel data analysis demonstrates conditional convergence in European economies, highlighting foreign direct investment and human capital's roles.

Key Points

  • This research aims to examine income convergence in Europe, focusing on the effects of institutions and structural factors.
  • Analyzed data from EU member states and Western Balkan economies (2004–2023)
  • Used panel data techniques to assess absolute and conditional β-convergence
  • Evaluated σ-convergence to understand income dispersion
  • Performed interaction analysis on institutional effects
  • Strong evidence for absolute income convergence identified, with lower-income economies growing faster
  • Conditional convergence confirmed, but institutional quality's impact weakens with structural factors
  • Notable regional heterogeneity found; strong convergence among new EU member states
  • Low dispersion in the Western Balkans; modest convergence patterns in the EU core

Cite This Study

Lalić et al. (2026) studied this question.

synapsesocial.com/papers/69b4ba1818185d8a39802a1dhttps://doi.org/10.3390/socsci15030180
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Also Consider

Synapse has enriched 4 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The Classical Approach to Convergence Analysis1996 · 194 citations
  2. 2A Contribution to the Empirics of Economic Growth1992 · 15,249 citations
  3. 3INSTITUTIONS AND ECONOMIC PERFORMANCE: CROSS‐COUNTRY TESTS USING ALTERNATIVE INSTITUTIONAL MEASURES1995 · 5,161 citations
  4. 4Growth Empirics: A Panel Data Approach1995 · 3,545 citations