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Macroeconomic Convergence In The European Union. The Case Of Romania

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  • Robert-Ionuţ Dobre

Abstract

Real economic integration and rapid convergence of all European Union (EU) countries are both the most important medium-term objective and the most important instrument for curbing current centrifugal trends.This article aims to address the degree of integration of the EU countries from a macroeconomic perspective by analyzing some of the major indicators statically and dynamically. It concludes that integration is a long-term process that requires significant efforts from all the actors involved. Furthermore,the objective of the macroeconomic convergence process must be the welfare of all EU citizens.

Suggested Citation

  • Robert-Ionuţ Dobre, 2017. "Macroeconomic Convergence In The European Union. The Case Of Romania," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 9(4), pages 49-65.
    • Handle: RePEc:iem:journl:v:9:y:2017:i:4:p:49-65
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    File URL: http://iem.ro/rem/index.php/REM/article/view/614/686
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    More about this item

    Keywords

    convergence; macroeconomic indicators; European Union (EU); Romania; cluster analysis;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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