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Structural Convergence of European Economies – Literature Review

Author

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  • Dimitar Damyanov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Structural convergence in the EU is regarded as an important prerequisite for the efficient functioning of the Economic and monetary union. This article presents a brief review of the existing theoretical and empirical literature regarding the convergence of output structures among countries. The analysis of the theoretical literature identifies a wide variety of factors driving the process. In line with that, conflicting evidence about the EU’s past experience with convergence can be found in empirical studies.

Suggested Citation

  • Dimitar Damyanov, 2019. "Structural Convergence of European Economies – Literature Review," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 5, pages 217-230, December.
    • Handle: RePEc:nwe:natrud:y:2019:i:5:p:217-230
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    More about this item

    Keywords

    economic integration; structural change; structural convergence; monetary unions;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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