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Economic Crisis And Economic Disparities In European Union

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  • Rodica CRUDU

    (Academy of Economic Studies of Moldova)

Abstract

The impact of the economic and financial crisis is still being felt. It started as an acute crisis of the banking system, but then quickly affected the real economy, causing a substantial slump in business investment, household demand and output. The current economic crisis has affected almost all European countries but the countries of the European south and the former eastern socialist republics have suffered the most. The objective in this paper is to quantify economic disparities as expressed by several growth indicators, such as GDP per capita, employment/unemployment rates, labour productivity rates and use them to compare the economic performances before and after the crisis. EU took several measures to recover from the economic crisis. Nevertheless, its ability to adjust to widely diverse national and local contexts that have been impacted differently by the effects of the crisis, and to support the different patterns of economic growth that will result from it, is yet to be seen.

Suggested Citation

  • Rodica CRUDU, 2015. "Economic Crisis And Economic Disparities In European Union," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2a), pages 420-433, September.
    • Handle: RePEc:jes:wpaper:y:2015:v:7:i:2a:p:420-433
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    File URL: http://ceswp.uaic.ro/articles/CESWP2015_VII2A_CRU.pdf
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    References listed on IDEAS

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    3. Stéphanie Guichard & Elena Rusticelli, 2010. "Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries," OECD Economics Department Working Papers 767, OECD Publishing.
    4. Valentina Meliciani & Franco Peracchi, 2009. "Convergence in per-capita GDP across European regions: a reappraisal," Studies in Empirical Economics, in: Giuseppe Arbia & Badi H. Baltagi (ed.), Spatial Econometrics, pages 203-222, Springer.
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    Cited by:

    1. S.Lovic Obradovic & S.Matovic, 2018. "Spatial demographic inequalities and regional development in Serbia," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 4(3), pages 88-94.

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    JEL classification:

    • 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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