University of Belgrade – Faculty of Economics
Dr Mirjana Gligorić Matić, Assistant Professor
Dr Biljana Jovanović Gavrilović, Full Professor
will present their latest research
GDP and beyond: Prosperity convergence in the countries of Western and Eastern Europe
published in Acta Oeconomica.
Time: Wednesday, February 17th at at 12 o’clock.
Location: The seminar will be organized online.
Link for the meeting is as follows:
https://us02web.zoom.us/j/8643913220
Reference of the paper: Gligorić Matić, M., Jovanović Gavrilović, B., & Stanišić, N. (2020) GDP and beyond: Prosperity convergence in the countries of Western and Eastern Europe. Acta Oeconomica, 70(4): 493–511
Abstract: After Second World War (WWII) a true evolution in understanding of economic development happened, which affected the ways of measuring prosperity, i.e. perceiving changes in people’s welfare. Numerous indicators have been created, which go ‘beyond GDP’ and cover different aspects of development and wellbeing. The aim of this paper is to analyse prosperity convergence in 32 European countries with a composite indicator – Legatum Prosperity Index (LPI). LPI is more complete than other indicators used in convergence analysis and reflects multidimensional nature of modern development and prosperity. Our research of absolute beta convergence is based on cross-sectional and panel data. Results indicate the existence of convergence in the overall index and its constitutive parts – dimensions and pillars, with different convergence speed regarding LPI and its segments for the total sample of countries, as well as for the countries of Eastern and Western Europe.
JOURNAL DETAILS
Journal Citation Report (SCIe/SSCI)
Impact Factor: IF2: 0.914, IF5: 0.650
Category and Position: М23 in the field Economics
Scimago Journal Rank
Quartile: Q2
Category: Economics and Econometrics
ABS Academic Journal Guide
Rank: unranked
Category: –