IDEAS home Printed from https://ideas.repec.org/a/nbp/nbpbik/v56y2025i6p747-770.html

The problem of the real convergence of the ‘poor south’ countries after joining the Eurozone using the example of labour productivity

Author

Listed:
  • Katarzyna Kreczmańska-Gigol

    (Warsaw School of Economics, Collegium of Management and Finance)

  • Marcin Obremski

Abstract

Entry into the Eurozone is an obligation for EU member states covered by a temporary derogation. However, no deadline for accession has been imposed. The aim of this study was to examine whether the entry of ‘poor south’ countries into the Eurozone accelerates their real convergence. On the basis of the traditional theory of optimal currency areas, the following research hypothesis was formulated: joining the Eurozone does not accelerate the convergence of real labour productivity in the countries of the ‘poor south’. Quantitative research was conducted using the labour productivity index as a measure of real convergence. This study confirmed that joining the Eurozone does not accelerate the process of real convergence and may even slow it. In the countries of the ‘poor south’ outside the Eurozone, convergence occurred more quickly, and there were no periods of divergence.

Suggested Citation

  • Katarzyna Kreczmańska-Gigol & Marcin Obremski, 2025. "The problem of the real convergence of the ‘poor south’ countries after joining the Eurozone using the example of labour productivity," Bank i Kredyt, Narodowy Bank Polski, vol. 56(6), pages 747-770.
    • Handle: RePEc:nbp:nbpbik:v:56:y:2025:i:6:p:747-770
    as

    Download full text from publisher

    File URL: https://bankikredyt.nbp.pl/content/2025/06/bik_06_2025_04.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbp:nbpbik:v:56:y:2025:i:6:p:747-770. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wojciech Burjanek (email available below). General contact details of provider: https://edirc.repec.org/data/nbpgvpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.