Economic and Business Management

β-Convergence analysis in the European Union

Radoslav Kožiak^*

Faculty of Economics, Matej Bel University, Banská Bystrica, Slovakia

College of Polytechnics Jihlava, Jihlava, Czech Republic

Dana Benčiková

College of Polytechnics Jihlava, Jihlava, Czech Republic

^* Corresponding author

DOI: 10.1201/9781003203704-4

ABSTRACT: Regional disparities are considered a complex, not just an economic, issue outside of Europe, too. This is the main reason for the EU to invest billions of Euros into a regional (cohesion) policy annually. This policy has accompanied the EU member states since the mid-20th century. This brings up the question of its demonstration in economic practice examination. As the aim of the common regional policy is to reduce the differences ...