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Real Convergence in the European Union: Myth or Reality?

Author

Listed:
  • Mihai Bogdan, Holobiuc Ana-Maria

    (Universitatea “Babeş-Bolyai” din Cluj-Napoca, Academia de Studii Economice din Bucureşti)

Abstract

The purpose of this paper is to study whether the real convergence process is faster in the new member states than in the old member states of the EU. Based on the theoretical and empirical research, we reveal that, at country level, the new member states have registered a higher pace of convergence than the old ones. Nevertheless, we find that, at the regional level, the economic performance is not equally distributed.

Suggested Citation

  • Mihai Bogdan, Holobiuc Ana-Maria, 2018. "Real Convergence in the European Union: Myth or Reality?," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03-4.
    • Handle: RePEc:oen:econom:y:2018:i:03-4:id:525
    as

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    More about this item

    Keywords

    European Union; real convergence; new member states; economic growth; regional disparities;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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