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Real Economic Convergence – European and National Dimension

Author

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  • Toderoiu, Filon

    (Institute of Agricultural Economics, Romanian Academy, Bucharest)

Abstract

The effects of European integration upon the support to economic and social development in the EU Member States, upon the convergence process and bridging up the gaps between the Member States represents a field of particular interest, both for researchers and for practioners. In Romania, the governmental policy with regard to the economic-social convergence seems to have a relatively diffuse formulation, being rather included in the regional development policy, for which the Convergence Program 2008–2011 was designed. It is considered that the complex economic-social convergence process from any country or community of states can be approached from two main perspectives: as stage of convergence fulfillment and as intensity of the convergence fulfillment process. The general statistical analysis of the economic convergence process is based upon two relevant sets of indicators: economic structure indicators and economic performance indicators. Very illustrating for the development gap to be recovered by convergence is the fact that out of the 15 regions with the lowest development level from EU-27, six regions are from Romania (Center – 38%, North-West – 36%, South-East – 33%, South-Muntenia – 32%, South-West Oltenia – 30%, North- East – 25%). Starting from the theoretical concepts related to the regional economic convergence, generating social cohesion, and the system of related measurement indicators system, the paper intends to present the state of things in this field in the European Union, on the basis of certain macroeconomic or demo-economic quantitative evaluations, from which certain tendencies in the regional convergence evolution can be identified. The second level of regional economic convergence methodology application targets Romania’s real economy, namely two important sectors: the industrial non-financial – banking SMEs and agriculture.

Suggested Citation

  • Toderoiu, Filon, 2009. "Real Economic Convergence – European and National Dimension," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 6(2), pages 159-180.
  • Handle: RePEc:iag:reviea:v:6:y:2009:i:2:p:159-180
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    References listed on IDEAS

    as
    1. Jürgen von Hagen & Iulia Siedschlag, 2010. "Managing Capital Flows: Experiences from Central and Eastern Europe," Chapters, in: Masahiro Kawai & Mario B. Lamberte (ed.), Managing Capital Flows, chapter 7, Edward Elgar Publishing.
    2. Zaman, Gheorghe & Georgescu, George, 2009. "Structural Fund Absorption: A New Challenge For Romania?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 136-154, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Otiman, Paun Ion, 2012. "Romania’S Present Agrarian Structure: A Great (And Unsolved) Social And Economic Problem Of Our Country," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 9(1), pages 3-24.
    2. Toderoiu, Filon, 2011. "Macroeconomic Variables Influencing the European Convergence of the Romanian Agri-Food Sector," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 8(1), pages 13-43.
    3. Filon TODEROIU, 2013. "Aggregate Efficiency Of Resource Utilization In The Romanian Agri-Food Sector – Macroeconomic Evolutions," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 10(2), pages 155-176.
    4. Toderoiu, Filon, 2012. "The Romanian Agri-Food Economy – Performance Reductive Effects After Five Years Of Eu Membership," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 9(1), pages 25-45.
    5. Filon TODEROIU, 2014. "Multicriteria Assessments Of The European Convergence In Romania’S Agri-Food Economy," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 11(1), pages 15-34.
    6. Ioan Ianos & Irina Saghin & Gabriel Pascariu, 2013. "Regions and the Territorial Cohesion," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(4), pages 415-429, August.
    7. Toderoiu, Filon & Voicilas, Dan Marius, 2012. "Romanian Agri-Food Economy And Investments Over The Last 20 Years – Special Examination On The Last 5 Years Of Eu Membership," Village and Agriculture (Wieś i Rolnictwo), Polish Academy of Sciences (IRWiR PAN), Institute of Rural and Agricultural Development, vol. 2(155).

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    More about this item

    Keywords

    real convergence; regional competitiveness; regional disparity; regional density.;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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