Konvergence České republiky a Slovenské republiky – současný stav a vybrané problémy
Convergence of the Czech Republic and Slovak Republic – the Actual Conditions and Selected Issues

Summary/Abstract: This paper tries to assess the process of real and nominal convergence of the Czech Republic and Slovak Republic in comparison with other New Member States (NMS-8) and the EU-25. The methodology is based on international com-parisons of macroeconomic indicators, especially by means of GDP per capita indicator calculated in purchasing power parity and on alternative indicators of real gross domestic income, which comprises gains or losses from the terms of trade changes. Chapter 1 contains theoretical and methodological issues relat-ing to this process. Chapter 2 examines the process of catching-up and the changes of economic position in NMS-8 within the framework of EU-25. It also deals with the trade-off between the real and nominal convergence, especially as regards the comparative price levels (CPL). The perspective of real and nominal convergence is analysed at the end of the paper.

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