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Albania and the EU: A path to convergence?

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  • Javier LÓPEZ-PROL

    (Department of International Economics and Development, Complutense University of Madrid, Spain
    Wegener Center for Climate and Global Change, Graz University, Austria)

Abstract

The aim of this paper is to assess the degree of relative convergence achieved by Albania in relation to the EU during the last decade through a descriptive empirical analysis. The paper is divided into three sections related to real and nominal convergence in the fields of economic performance; trade openness and balance; and monetary convergence, according to the Euro criteria established in the art. 140 (1) of the TFEU and the protocol Nº 13 (price stability, public finances, exchange rate, and long-term interest rates). In order to have a wide perspective about convergence-divergence trends inside and outside the EU, the tendencies followed by Germany and Greece are also mentioned, as paradigmatic cases of divergence within the EU. Finally, a summary table is presented reviewing each of the analysed variables regarding the last decade evolution and the current situation.

Suggested Citation

  • Javier LÓPEZ-PROL, 2014. "Albania and the EU: A path to convergence?," EuroEconomica, Danubius University of Galati, issue 2(33), pages 97-116, November.
    • Handle: RePEc:dug:journl:y:2014:i:2:p:97-116
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    References listed on IDEAS

    as
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    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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