Structural convergence among selected European countries. Multidimensional analysis

Abstract

The main aim of the paper to test for structural convergence among arbitrary selected European countries. The authors choose four transition economies: Poland, Czech Republic, Hungary and Slovak Republic which are widely recognized as structurally similar economies. All four countries` economy structures are consequently compared with the structure of German economy – here selected as the reference country. The authors want to find out whether it is possible to confirm the hypothesis about the structural convergence between the four selected economies and Germany. The data sample covers the period of 2000-2007. The empirical part of analysis bases on 18 different indicators connected with the economy structure. To verify the hypothesis the authors apply multidimensional taxonomy methodsstructural convergence, structural changes