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In the paper, a new indicator exemplifying the conversion efficiency of expenditures towards economic growth into results pertaining to sustainable development, dubbed the "Synthetic Efficiency Indicator for Economic Growth" (hereinafter: "SEI-EG") has been proposed. The inspiration for proposing such an indicator was the identification of the lack of connections between research on economic convergence and the research area connected with sustainable growth category. It was assumed that, indoi:10.3390/su122310121 fatcat:o73uodzkfvfglinb2zc4n67rnu