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Effects of European Economic and Monetary Integration on the Eurozone Economy – An Econometric View

Author

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  • Isabella Sima

    (The Bucharest University of Economic Studies)

  • Camelia Marin

    (The Bucharest University of Economic Studies)

Abstract

Monetary integration, a good thing, or a necessary evil? This question looks for specialists of the world to respond, especially now in the current global crisis. With the help of econometric modeling, we tried to provide a partial answer to this question so important. Application of multiple regression method in which the main actors were the actual rate of increase in the GDP of the euro area, the rate of growth of foreign direct investment in the euro area, as well as the rate of employment growth in the euro area, we came to the conclusion that economic and monetary integration is a good thing in the economic conditions of normalcy but they show the weaknesses of a crisis more severe, so it must review the parameters of this type of integration.

Suggested Citation

  • Isabella Sima & Camelia Marin, 2012. "Effects of European Economic and Monetary Integration on the Eurozone Economy – An Econometric View," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(4), pages 144-152, October.
    • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:4:p:144-152
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    References listed on IDEAS

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    1. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
    2. Kamal Upadhyaya & Gyan Pradhan & Dharmendra Dhakal & Rabindra Bhandari, 2007. "Foreign Aid, FDI and Economic Growth in East European Countries," Economics Bulletin, AccessEcon, vol. 6(13), pages 1-9.
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    JEL classification:

    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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