The Intensity of Convergence Process in the European Union

Simionescu, Mihaela (2014) The Intensity of Convergence Process in the European Union. Economic analysis, 47 (1-2). pp. 103-110. ISSN 1821-2573

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Abstract

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.

Item Type: Article
Additional Information: COBISS.ID=207709964
Uncontrolled Keywords: beta convergence, GDP per capita, regression, co-integrated series
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Jelena Banovic
Date Deposited: 30 Jan 2016 00:09
Last Modified: 30 Jan 2016 00:09
URI: http://ebooks.ien.bg.ac.rs/id/eprint/347

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