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The Mediterranean countries of European Union and their progress from 1980 to 2012: A comparative analysis

Author

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  • Zisiadou, Argyro
  • Metaxas, Theodore

Abstract

The main purpose of this paper is the comparative analysis of the Mediterranean Countries of European Union on economic and developmental level throughout the duration of their existence within the Union as well as during the recent year duration of the great economic crisis. In the first part of the paper is a reference to the reasons for setting up this Union, the reasons for inclusion of each country as well as the rules and conditions set by the respective institutions of the European Union. In the next part, there is a historical overview of the European Union studying the Treaties (in chronological order), the enlargement of the Union, the adoption of the common currency and the great crisis of 2008 and its effects. In the third part of the paper, it is developed a comparative case study of the six (6) Mediterranean countries (Cyprus, Greece, Italy, France, Spain, and Portugal) on various economic and development indicators. Finally, the fourth part draws conclusions about whether the expectations created by the establishment of the EU achieved over time.

Suggested Citation

  • Zisiadou, Argyro & Metaxas, Theodore, 2014. "The Mediterranean countries of European Union and their progress from 1980 to 2012: A comparative analysis," MPRA Paper 55029, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:55029
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    File URL: https://mpra.ub.uni-muenchen.de/55029/1/MPRA_paper_55029.pdf
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    References listed on IDEAS

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    3. Jan Fagerberg & Bart Verspagen, 1996. "Heading for Divergence? Regional Growth in Europe Reconsidered," Journal of Common Market Studies, Wiley Blackwell, vol. 34(3), pages 431-448, September.
    4. Jan Fagerberg, 1999. "The Economic Challenge for Europe: Adapting to Innovation-Based Growth," Working Papers 2, Centre for Technology, Innovation and Culture, University of Oslo.
    5. Donald G. Freeman, 2001. "Sources of fluctuations in regional growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 35(2), pages 249-266.
    6. Aadne Cappelen & Fulvio Castellacci & Jan Fagerberg & Bart Verspagen, 2003. "The Impact of EU Regional Support on Growth and Convergence in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 41, pages 621-644, September.
    7. Aguayo, Eva & Guisan, Maria-Carmen, 2004. "Employment and Population in European Union: Econometric Models and Causality Tests," Economic Development 80, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
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    More about this item

    Keywords

    European Union; European Mediterranean Countries; economic indicators; economic progress; economic crisis;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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