Economic convergence of the national economy under the EU integration: impact of international migration

Анотація

The paper generalizes the arguments and counterarguments within the scientific discussion on the migration impact on the countries� economic convergence. European integration in the long run provide for the convergence of the Ukrainian socio-economic development to the level of member states of the European Union (EU). Considering the neoclassical model of growth of Solow-Swan, the convergence of the national economy to the EU could be bosting by intensifying international processes. In particular, the international migration of labor resources allows increasing the amount of private income from abroad, which makes it possible to improve the socio-economic quality of migrant families and achieve the welfare of the EU society. Based on the theoretical analysis of the scientific literature, the authors highlighted the diversified nature of the migration impact on economic growth and economic convergence. The paper aims to determine the migration impact on the Ukrainian and EU economic convergence. The paper�s object is Ukraine and EU member states, which have the common features of long-term development in the economic and political dimensions. The time for analysis is 2000-2020. The methodological basis of the investigation is the concept of s � and b � convergence. The endogenous parameter of the econometric model of b � convergence is the GDP per capita, and exogenous parameters: the volume of private remittances to countries from abroad, the volume of net migration.

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