Reálná konvergence České republiky k vybraným zemím eurozóny

Abstract

The aim of the thesis is to evaluate the process of real convergence within the European Union based on the analysis of the economic and wage level development and the evaluation of the Czech Republic's position in this process. Based on econometric modelling of beta convergence, it has been found that the countries surveyed converge to a common steady state, which is defined as the EU average economic and wage level. Empirical results also show that economic level convergence is proceeding faster than wage convergence. The results of the analysis further prove the convergence of the Czech Republic to the average economic and wage level of the most advanced euro area countries (EA-6), although in the terms of speed of the convergence the Czech Republic is lagging behind other CEE countries, especially Estonia, Lithuania, Latvia and Slovakia.