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Divergences in the European Union

Author

Listed:
  • Mihaela NECULITA

    (Dunarea de Jos University of Galati, Romania)

  • Dragos Sebastian CRISTEA

    (Dunarea de Jos University of Galati, Romania)

Abstract

The economic differences between the regions of the European Union are a continuous concern for both politics and economic research. Starting with 1990, the European economy, embedded in turn in the economic events that occur at global level, is entering a new era of convergence, where GDP per capita in emerging and developing countries as a whole started to outperform those of the advanced economies, from which we could draw the real convergence nature of the events. In the EU, since the EMU establishment and the implementation of the single monetary policy, nominal convergence has been and continues to be far more prominent than real convergence. This paper aims to carry out an analysis of divergences and convergences in the European Union based on research on the various theories available in the literature and on the current situations of European countries.

Suggested Citation

  • Mihaela NECULITA & Dragos Sebastian CRISTEA, 2019. "Divergences in the European Union," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 43-50.
    • Handle: RePEc:ddj:fseeai:y:2019:i:3:p:43-50
    DOI: https://doi.org/10.35219/eai1584040954
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    References listed on IDEAS

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    1. Björkstén, Nils & Syrjänen, Miika, 1999. "Divergences in the euro area : A cause for concern?," Research Discussion Papers 11/1999, Bank of Finland.
    2. Barry Eichengreen, 2019. "Convergence and Divergence in the EU: Lessons from Italy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(1), pages 31-34, January.
    3. Lucian Liviu Albu, 2016. "Trends in the relation between regional convergence and economic growth in EU," Working Papers of Institute for Economic Forecasting 161101, Institute for Economic Forecasting.
    Full references (including those not matched with items on IDEAS)

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