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Estimation Of Real Convergence Within The European Union Using Σ And Β Convergences


  • Ph.D Student Lazar Isadora

    (Academy of Economic Studies, Bucharest, Romania)


Romania’s entry into the Euro area is subject to fulfillment of the nominal convergence criteria, progress in terms of real convergence being also required. In order to analyze the level of real convergence inside EU, the concepts of σ and β convergence are used. I have taken into consideration the level of GDP/capita (PPS euro) for the member states, during 2000- 2007. I have split the research in two directions: one trying to outline the convergence degree inside the EU, regardless the number of member states, to conclude whether the waves of accession have compromised the convergence, the second one trying to assess the convergence tendency of member states, grouped in UE 15, UE 25 and UE 27 with the purpose of outlining the efficiency of the pre and post accession programs.

Suggested Citation

  • Ph.D Student Lazar Isadora, 2010. "Estimation Of Real Convergence Within The European Union Using Σ And Β Convergences," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(14S), pages 165-175, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2010:i:14s:p:165-175

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    References listed on IDEAS

    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2004. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," The Quarterly Journal of Economics, Oxford University Press, vol. 119(1), pages 1-48.
    2. Paul De Grauwe & Gunther Schnabl, 2004. "Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe," International Finance 0404011, EconWPA.
    3. repec:hrv:faseco:34721963 is not listed on IDEAS
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    More about this item


    real convergence; nominal convergence; sigma convergence; beta convergence;

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F15 - International Economics - - Trade - - - Economic Integration
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries


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