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Economic Development Of Bulgaria And Romania In The Post Crisis Period

Author

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  • CRISTOVA-BALKANSKA, Iskra

    (Economic Research Institute, Bulgarian Academy of Sciences)

Abstract

The success of the integration process of Bulgaria and Romania is reflected by their nominal and real convergence process. These tendencies are of special importance considering further economic development of Bulgaria and Romania, and the shortening of the economic distance with more developed economically EU countries. The real convergence process is important considering the future entrance of Bulgaria and Romania in the euro area. The contribution is trying to divulge the experiences gained in real convergence in both countries, the catch up process and the future prospects.

Suggested Citation

  • CRISTOVA-BALKANSKA, Iskra, 2014. "Economic Development Of Bulgaria And Romania In The Post Crisis Period," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 2-9.
    • Handle: RePEc:vls:rojfme:v:1:y:2014:i:1:p:2-9
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    References listed on IDEAS

    as
    1. Nenovsky, Nikolay & Tochkov, Kiril & Turcu, Camelia, 2013. "Politiques Monétaires et Intégration Européenne Le cas de deux Pays des Balkans," Revue d'études comparatives Est-Ouest, Editions NecPlus, vol. 44(02), pages 141-162, June.
    2. Konstantins Benkovskis & Julia Wörz, 2012. "Non-Price Competitiveness Gains of Central, Eastern and Southeastern European Countries in the EU Market," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 27-47.
    3. Mihály Borsi & Norbert Metiu, 2015. "The evolution of economic convergence in the European Union," Empirical Economics, Springer, vol. 48(2), pages 657-681, March.
    4. Paul de Grauwe & Gunther Schnabl, 2004. "Nominal versus Real Convergence with Respect to EMU Accession.How to Cope with the Balassa-Samuelson Dilemma," EUI-RSCAS Working Papers 20, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    5. Tatomir, Cristina F., 2011. "Structural Convergence of the Central and Eastern European Countries: Achivements in the Last Decade," MPRA Paper 35701, University Library of Munich, Germany.
    6. Gunther Schnabl & Paul De Grauwe, 2004. "Nominal versus Real Convergence with Respect to EMU Accession - EMU Entry Scenarios for the New Member States," International Finance 0403008, University Library of Munich, Germany, revised 16 Feb 2005.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic growth; FDI; economic convergence; catching up process; EU structural Funds;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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