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How Far From The Euro Area?

Author

Listed:
  • Ion IGNAT

    ("Alexandru Ioan Cuza" University of Iaşi, Romania, Faculty of Economics and Business Administration)

  • Raluca Gabriela DULGHERIU

    ("Alexandru Ioan Cuza" University of Iaşi, Romania, Doctoral School of Economics and Business Administration)

Abstract

The article performs a comparative analysis between the European Union member states from Central and Eastern Europe (Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania) in terms of real economic convergence with the Euro area. Specifically, the paper emphasizes the assessment of the time required to catch up with the average level of GDP per capita in the euro area. To determine these developments, we use a system of chain indices, calculated based on the growth rate of the GDP per capita. Assuming that the average growth specific to the period 1999-2014 will continue in the future, the results illustrate that the shortest period of catching up belongs to Poland, while Croatia remains by far the most distant country from the euro area.

Suggested Citation

  • Ion IGNAT & Raluca Gabriela DULGHERIU, 2016. "How Far From The Euro Area?," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 10, pages 65-70, April.
    • Handle: RePEc:cmj:seapas:y:2016:i:10:p:65-70
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Euro area; Catching up; Real convergence; Central and Eastern Europe;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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