The real convergence of selected countries to the euro zone average economic level

Abstract

The convergence of the economic level occurs when a converging country approaches to the economic level of another country, respectively group of countries. This process is generally known as the catching - up and it is mostly measured via the gross domestic product per capita. The aim of this paper is to research the convergence/divergence of the Euro zone countries and the Czech Republic to the average economic level of the Euro area. The determined goal is solved helped by a panel data analysis.