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European Integration Perspectives: From Cohesion to Divergence?

Author

Listed:
  • Vedran Recher

    (Institute of Economics, Zagreb, Croatia)

  • Nataša Kurnoga

    (Faculty of Economics and Business, University of Zagreb, Croatia)

Abstract

This paper examines the impact of EU enlargement and the global economic crisis on the relative development of the EU countries. This effect is assessed by applying multivariate analysis to the whole set of 28 European countries at three representative points in time. The cluster analysis for the years 2002, 2007, and 2012 grouped the countries according to the range of economic development indicators showing within-EU cohesion before the EU enlargement, after the enlargement wave, and after the crisis. The findings show that a decrease in the development differences after the enlargement was replaced with an increase in these differences after the crisis, thus contributing to the existing debate about the success of cohesion and future of European integration. These results are somewhat worrying for the new member states of the EU as well as for EU membership candidates and their prospective development within the integration.

Suggested Citation

  • Vedran Recher & Nataša Kurnoga, 2017. "European Integration Perspectives: From Cohesion to Divergence?," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 67(2), pages 195-214, June.
    • Handle: RePEc:aka:aoecon:v:67:y:2017:i:2:p:195-214
    Note: We gratefully acknowledge the support and helpful inputs from Jelena Budak, Marina Tkalec, and Ivan Žilić in developing the ideas presented here. We also thank the two anonymous reviewers for their valuable remarks and contribution to the overall quality of the paper.
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    Citations

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    Cited by:

    1. Agnieszka Głodowska & Bożena Pera, 2019. "On the Relationship between Economic Integration, Business Environment and Real Convergence: The Experience of the CEE Countries," Economies, MDPI, vol. 7(2), pages 1-19, June.
    2. Agnieszka Głodowska, 2017. "Business Environment and Economic Growth in the European Union Countries: What Can Be Explained for the Convergence?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(4), pages 189-204.

    More about this item

    Keywords

    development; convergence; cohesion; European integration; multivariate analysis;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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