Real beta and sigma convergence in 27 transition countries, 1990-2005

The aim of this study is a detailed analysis of real economic convergence in 27 former socialist (or transition) countries. We focus on two concepts of convergence: absolute (unconditional) beta convergence and sigma convergence. The time frame of our study is 1990-2005. We provide a broad empirical picture of convergence. First, we analyse the catching-up process in the whole group of 27 countries as well as in several narrower sub-groups. Second, we carry out our calculations for the entire period 1990-2005 as well as for shorter sub-periods.