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Romania’S Real Convergence To Eu - Dream Or Reality?

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  • Cristian Socol

    (Vice-president GAER)

  • Aura Gabriela Socol

    (Academy of Economic Studies Bucharest)

Abstract

In transition, the Romanian authorities have advanced the development of prudent macroeconomics policies and implemented structural reforms in the market for goods, labor and financial products. On the long term, Romanian real convergence to the European model is more important than nominal convergence. In this paper, we identify the main priorities for the success of Romanian admittance in European Union. The nominal convergence must be attained faster because this process supposes stability prices, the financial soundness indicators, the need to stabilize exchange rate. In addition, the real convergence with European Union is very important. There is potential conflict between real and nominal convergence? Can Romanian economy obtain faster convergence? Keywords: convergence; nominal convergence; real convergence; structural convergence. REL Classification: 8M, 19I, 20G

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Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): 6(511)(supplement) (2007)
Issue (Month): 6(511)(supplement) (June)
Pages: 61-72

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Handle: RePEc:agr:journl:v:6(511)(supplement):y:2007:i:6(511)(supplement):p:61-72

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