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Growth under strain in the European Union: A long run perspective

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  • Francesco Farina

Abstract

This paper interprets the GDP growth experienced by the economies of the European Union in the perspective of the growth and the agglomeration models. The objective consists in understanding to what extent the growth and convergence paths followed by Europe during the last decades of economic integration process have been affected by the evolution of the exchange rate regime and by increasingly constraining monetary and fiscal policies.

Suggested Citation

  • Francesco Farina, 2011. "Growth under strain in the European Union: A long run perspective," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 0411, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
  • Handle: RePEc:usi:depfid:0411
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    File URL: http://repec.deps.unisi.it/depfid/text0411.pdf
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    More about this item

    Keywords

    growth; beta and sigma convergence; human capital; European Union.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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