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Economic convergence in the EU and its impact on property markets

Author

Listed:
  • Dieter Rebitzer
  • Mark Renz
  • Paolo Colucci

Abstract

Since the Euro-crisis the cohesion and economic convergence within the EU are questioned from what we derived our exploratory question: “Is there a convergence between the members-states (EU-15) or not?” This will be evaluated within the framework of an empirical analysis. In the first part of our paper we are examining convergence terms and definitions (absolute-, - and - convergence) and their demarcations. Households, companies and nation-states are considered. In the following Gossen’s Law, the Solow model and the principle of subsidiarity are outlined and explained. On this foundation a comparison of the convergence and divergence theories in reality will be drawn.

Suggested Citation

  • Dieter Rebitzer & Mark Renz & Paolo Colucci, 2015. "Economic convergence in the EU and its impact on property markets," ERES eres2015_216, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2015_216
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2015-216
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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