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Economic Convergence. Applications - Second Part -

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Author Info

  • Iancu, Aurel

    ()
    (Member of the Romanian Academy, and senior researcher at the National Institute of Economies - Romanian Academy - Bucharest)

Abstract

Real convergence is an essential objective of Romania’s integration into the EU. Bridging the development gaps between Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause divergence and polarization. For this purpose, special tools and mechanisms are required; e.g., cohesion. The study deals with the economic convergence of the European countries, and especially the convergence of the CEE countries, including Romania. Models are used to assess the economic growth, approximate the period of real convergence of Romania to the EU, as well as to estimate the s- and ß-convergence, and the main shortcomings of the last indicator. Second part comprises some models and evidence of the economic growth and convergence.

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File URL: http://www.ipe.ro/rjef/rjef4_07/rjef4_07_2.pdf
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Bibliographic Info

Article provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.

Volume (Year): 4 (2007)
Issue (Month): 4 (December)
Pages: 24-48

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Handle: RePEc:rjr:romjef:v:4:y:2007:i:4:p:24-48

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Related research

Keywords: Real convergence; divergence; regression method; return to capital; s-convergence; ß-convergence;

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References

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Cited by:
  1. Genovaitė Liobikienė & Justina Mandravickaitė, 2013. "Convergence of new members of the EU: changes in household consumption expenditure structure regarding environmental impact during the prosperous period," Environment, Development and Sustainability, Springer, vol. 15(2), pages 407-427, April.
  2. Susanu, Monica, 2009. "Convergence to EMU through the Test of the Public Finance –Romania’s Budgetary Deficit and Public Debt," MPRA Paper 20480, University Library of Munich, Germany.
  3. Dumitru, Ionut & Dumitru, Ionela, 2010. "Business Cycle Correlation of the New Meber States with Eurozone - The Case of Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 16-31, December.

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