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The Intensity of Convergence Process in the European Union


  • Mihaela Simionescu

    () (Institute for Economic Forecasting of the Romanian Academy, Bucharest, Romania)


The objective of this research is to analyze the differences between Romania and the European Union regarding the convergence process. In this paper we were interested in determining the forecasting horizon for which Romania, in certain conditions, might have a value of GDP per capita that is closer to the average of EU (25 countries) and we obtained that 18 years are necessary for Romania to achieve the convergence compared to EU average of GDP per capita. The co-integration approach suggested that in the last 15 years there is a divergence of the Romania economic growth and the EU-25 average. This research might be developed by taking into account other measures of economic convergence.

Suggested Citation

  • Mihaela Simionescu, 2014. "The Intensity of Convergence Process in the European Union," Economic Analysis, Institute of Economic Sciences, vol. 47(1-2), pages 103-110.
  • Handle: RePEc:ibg:eajour:v:47:y:2014:i:1-2:p:103-110

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    References listed on IDEAS

    1. António Portugal Duarte & João Sousa Andrade, 2012. "How the Gold Standard functioned in Portugal: an analysis of some macroeconomic aspects," Applied Economics, Taylor & Francis Journals, vol. 44(5), pages 617-629, February.
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    More about this item


    beta convergence; GDP per capita; regression; co-integrated series;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy


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