IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v2y2009i11p14.html
   My bibliography  Save this article

Romania'S Real Convergence To The European Union

Author

Listed:
  • DragoÅŸ Mihai Ungureanu
  • Ruxandra Dana Vilag
  • George Horia Ionescu
  • Florian Bogdan Stoian

Abstract

In the process of European integration, switching in 1999 to the third stage of Economic and Monetary Union, has intensified the need to coordinate economic and sectoral policies of the Member States. The process of coordination is necessary to harmonize national economic policy objectives in order to minimize the negative impact of economic policy measures taken by some member countries to other member countries and reduce the temptation for Member States to have behavior riders. Real Convergence is an essential goal of Romanian integration into the European Union. Attenuation of the development gaps maintained between Romania and the EU can not be achieved solely through the use of market forces. Economic transformations occurring globally and increased risk aversion contributed to a signifiant reduction of capital flows to Romania, increased pressures upon exchange rate.

Suggested Citation

  • DragoÅŸ Mihai Ungureanu & Ruxandra Dana Vilag & George Horia Ionescu & Florian Bogdan Stoian, 2009. "Romania'S Real Convergence To The European Union," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-14.
    • Handle: RePEc:alu:journl:v:2:y:2009:i:11:p:14
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/1120092/14.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ranis, Gustav & Stewart, Frances & Ramirez, Alejandro, 2000. "Economic Growth and Human Development," World Development, Elsevier, vol. 28(2), pages 197-219, February.
    2. Andrea Bassanini & Stefano Scarpetta, 2003. "The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 9-56.
    3. Ricardo Hausmann & Lant Pritchett & Dani Rodrik, 2005. "Growth Accelerations," Journal of Economic Growth, Springer, vol. 10(4), pages 303-329, December.
    4. Dalgaard, Carl-Johan & Vastrup, Jacob, 2001. "On the measurement of [sigma]-convergence," Economics Letters, Elsevier, vol. 70(2), pages 283-287, February.
    5. Benhabib, Jess & Spiegel, Mark M, 2000. "The Role of Financial Development in Growth and Investment," Journal of Economic Growth, Springer, vol. 5(4), pages 341-360, December.
    6. World Bank, 2006. "World Development Indicators 2006," World Bank Publications - Books, The World Bank Group, number 8151, December.
    7. Sung Jin Kang, 2002. "Relative backwardness and technology catching up with scale effects," Journal of Evolutionary Economics, Springer, vol. 12(4), pages 425-441.
    8. Caplan, Bryan, 2003. "The idea trap: the political economy of growth divergence," European Journal of Political Economy, Elsevier, vol. 19(2), pages 183-203, June.
    9. Richard N. Langlois, 2000. "Knowledge, Consumption, and Endogenous Growth," Working papers 2000-02, University of Connecticut, Department of Economics.
    10. Dirk Pilat & Paul Schreyer, 2003. "Measuring productivity," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 127-170.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Adela Socol & Imola Drigă, 2013. "Real Convergence in Romania - A Comparative Approach to Non-erm II Countries from Central and Eastern Europe," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(1), pages 261-272.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iancu, Aurel, 2009. "Real Economic Convergence," Working Papers of National Institute for Economic Research 090104, Institutul National de Cercetari Economice (INCE).
    2. Iancu, Aurel, 2007. "The Question of Economic Convergence - first part -," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(3), pages 5-18, September.
    3. Ungureanu Mihai Dragos & Stoian Florin Bogdan & Ionescu George Horia & Vilag Ruxandra Dana, 2009. "Assesing The Implementation Of Real Convergence In Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 472-477, May.
    4. Iancu, Aurel, 2007. "Economic Convergence. Applications - Second Part -," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(4), pages 24-48, December.
    5. José Antonio Ocampo & María Angela Parra, 2007. "The Dual Divergence: Growth Successes and Collapses in the Developing World Since 1980," Palgrave Macmillan Books, in: Ricardo Ffrench-Davis & José Luis Machinea (ed.), Economic Growth with Equity, chapter 4, pages 61-92, Palgrave Macmillan.
    6. Ewa, Lechman, 2012. "Social development – a multidimensional approach to social development analysis. Country level evidence for year 2011," MPRA Paper 41812, University Library of Munich, Germany.
    7. Iancu, Aurel, 2008. "Real Convergence and Integration," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(1), pages 27-40, March.
    8. Alexander Cotte, Poveda, 2011. "Economic development and growth in Colombia: An empirical analysis with super-efficiency DEA and panel data models," Socio-Economic Planning Sciences, Elsevier, vol. 45(4), pages 154-164, December.
    9. Benos, Nikos & Zotou, Stefania, 2014. "Education and Economic Growth: A Meta-Regression Analysis," World Development, Elsevier, vol. 64(C), pages 669-689.
    10. Osipian, Ararat, 2007. "Экономический Рост: Образование Как Фактор Производства [Economic Growth: Education as a Factor of Production]," MPRA Paper 7593, University Library of Munich, Germany.
    11. repec:gdk:wpaper:2 is not listed on IDEAS
    12. Osipian, Ararat, 2008. "Economic Growth—Human Capital Nexus in Post-Soviet Ukraine, 1989-2009," MPRA Paper 7731, University Library of Munich, Germany.
    13. Alan Martina, 2007. "A Class of Poverty Traps: A Theory and Empirical Tests," ANU Working Papers in Economics and Econometrics 2007-482, Australian National University, College of Business and Economics, School of Economics.
    14. Kar, Sabyasachi & Pritchett, Lant & Raihan, Selim & Sen, Kunal, 2013. "Looking for a break: Identifying transitions in growth regimes," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 151-166.
    15. Azevedo, Viviane & Bouillon, César P., 2009. "Social Mobility in Latin America: A Review of Existing Evidence," IDB Publications (Working Papers) 1656, Inter-American Development Bank.
    16. Joanna Tyrowicz & Lucas van der Velde, 2017. "When the opportunity knocks: large structural shocks and gender wage gaps," GRAPE Working Papers 2, GRAPE Group for Research in Applied Economics.
    17. Nasreen, Samia & Anwar, Sofia & Ozturk, Ilhan, 2017. "Financial stability, energy consumption and environmental quality: Evidence from South Asian economies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1105-1122.
    18. Russell S. Sobel & Nabamita Dutta & Sanjukta Roy, 2010. "Beyond Borders: Is Media Freedom Contagious?," Kyklos, Wiley Blackwell, vol. 63(1), pages 133-143, February.
    19. Kevin S. Nell & Maria M. De Mello, 2019. "The interdependence between the saving rate and technology across regimes: evidence from South Africa," Empirical Economics, Springer, vol. 56(1), pages 269-300, January.
    20. Ying Xu, 2009. "How does financial system efficiency affect the growth impact of FDI in China?," Asia Pacific Economic Papers 383, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    21. Alex Segura-Ubiergo & Alejandro Simone & Sanjeev Gupta & Qiang Cui, 2010. "New Evidence on Fiscal Adjustment and Growth in Transition Economies," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 52(1), pages 18-37, March.

    More about this item

    Keywords

    Real convergence; nominal convergence; integration; European Union;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:2:y:2009:i:11:p:14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan-Constantin Danuletiu (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.