"Dvorokov\u00E1, Kate\u0159ina" . "WSEAS Press" . "Since creation of the Euro Area the fulfillment of the Maastricht criteria is the exhaustively defined condition for the adoption of the euro. Given that these criteria were criticized from the very beginning, the importance of study of real convergence has become again vivid in past years. In 2008, most of the European Union member states experienced significant growth deceleration and this systemic crisis has certainly affected the convergence process. Thus this paper aims to evaluate the Maastricht criteria influence on real convergence and to show how recent crisis affected the real convergence process in Visegrad Group countries to the Euro Area average economic level. The model is calculated using panel regression method with multiplicative dummy variables and the model parameters are estimated by GLS estimator. Evidence from Visegrad Group countries indicates convergence slowdown in times of a recession, however it does not confirmed any divergence during crisis."@en . "RIV/61989100:27510/14:86086979!RIV15-MSM-27510___" . . "7"^^ . . . "RIV/61989100:27510/14:86086979" . "2014-01-10+01:00"^^ . "P(EE2.3.20.0296), S" . . . "Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries"@en . . . "Hodula, Martin" . "Visegrad Group; panel data analysis; GLS estimator; Euro Area; crisis; economic convergence"@en . "Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries" . . . . . "[30A104AA0AFF]" . "Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries"@en . "Tenerife" . . . . "978-960-474-360-5" . "27510" . . . "26824" . . . . "Since creation of the Euro Area the fulfillment of the Maastricht criteria is the exhaustively defined condition for the adoption of the euro. Given that these criteria were criticized from the very beginning, the importance of study of real convergence has become again vivid in past years. In 2008, most of the European Union member states experienced significant growth deceleration and this systemic crisis has certainly affected the convergence process. Thus this paper aims to evaluate the Maastricht criteria influence on real convergence and to show how recent crisis affected the real convergence process in Visegrad Group countries to the Euro Area average economic level. The model is calculated using panel regression method with multiplicative dummy variables and the model parameters are estimated by GLS estimator. Evidence from Visegrad Group countries indicates convergence slowdown in times of a recession, however it does not confirmed any divergence during crisis." . "2"^^ . "Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries" . . "Mathematical methods in finance and business administration : proceedings of the 8th International Conference on Business Administration (ICBA '14) ... : Tenerife, Spain, January 10-12, 2014" . "[\u0160pan\u011Blsko]" . "2"^^ . .