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References in periodicals archive ?
Competition policy is again not associated with comparative price levels in a statistically significant way.
Thereinafter, this paper compares eight Central and Eastern European countries (Latvia, Estonia, Lithuania, Hungary, Slovenia, Slovakia, Check Republic and Poland) in terms of GDP, expenditure of household final consumption and comparative price level indices in comparison with average level of the EU-15.
Finally, the main focus of this paper is devoted to Lithuanian GDP, household expenditure, comparative price level indices and patterns of household expenditure by categories.
This subsection is dedicated to the evaluation of the variance across old EU-15 and newer EU-25 in terms of GDP, household final consumption expenditure rate and comparative price level indices.
1, the variances of old EU-15 countries in terms of GDP, household final consumption expenditure and comparative price level were distinct.
Considering this background, the following subsection will address the GDP, household final consumption expenditure and comparative price level of eight Central and Eastern European countries in comparison with EU-15 average.
In terms of the percentage of comparative price level indices, which is expressed as a ratio and makes it possible to compare prices in relation to the EU-15 average (EU-15 = 100%), Lithuania, Latvia and Estonia were ranked among the cheapest European countries at the beginning of preparation to the accession into the EU (Raim 2005; Mockaitis 2005).
3 shows that in the beginning of preparation to accession into the EU GDP, household final consumption expenditure and comparative price level indices consisted of share amounting to one-third of the EU-15 average.
With respect to the second set of issues, the convergence in GDP, comparative price level indices and household final consumption expenditure were estimated across the old and newer member-states of the EU.
During the analyzed period across the old and newer member states of the EU the largest convergence was observed of comparative price level indices, while GDP convergence was the least.
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