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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

    as
    1. Sala-i-Martin, Xavier X, 1996. "The Classical Approach to Convergence Analysis," Economic Journal, Royal Economic Society, vol. 106(437), pages 1019-1036, July.
    2. Valentina Meliciani & Franco Peracchi, 2006. "Convergence in per-capita GDP across European regions: a reappraisal," Empirical Economics, Springer, vol. 31(3), pages 549-568, September.
    3. Daniela, Antonescu, 2012. "Theoretical approaches of regional development," MPRA Paper 60524, University Library of Munich, Germany, revised 2013.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic disparities; Economic and financial crisis; GDP per capita; labor productivity; employment rate; unemployment;

    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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