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Impact Of Actual Crisis On Eu Convergence

Author

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  • Lucian-Liviu ALBU

    (Institute for Economic Forecasting-NIER, Romanian Academy)

Abstract

Estimating a set of concentration indicators for the period of actual crisis (emerged in 2008), we demonstrated a significant impact of it on convergence process in EU. However, the differences in matter of convergence emerge at the level of groups of countries. Thus, while in EU-10 (most recent acceded countries to EU) is manifesting a strong convergence, in EU-15 (old members of EU) a significant trend of divergence was demonstrated.

Suggested Citation

  • Lucian-Liviu ALBU, 2013. "Impact Of Actual Crisis On Eu Convergence," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 30(1), pages 125-134, June.
    • Handle: RePEc:ath:journl:v:30:y:2013:i:1:p:125-134
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    Cited by:

    1. Iancu, Aurel, 2014. "Financial Instability, Cycles and the Role of Institutions," Working Papers of National Institute for Economic Research 141007, Institutul National de Cercetari Economice (INCE).

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