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The Evolution of Real Convergence within European Union: Progress, Disparities and Development Perspective

Author

Listed:
  • Marius Augustin Draganescu

    (West University of Timișoara, Romania)

  • Florin-Cornel Popovici

    (West University of Timișoara, Romania)

  • Alexandru Avram

    (West University of Timișoara, Romania)

Abstract

This article evaluates the evolution of real convergence within the European Union, focusing on the progress and disparities that have shaped economic development across member states. Real convergence, a process through which less developed economies improve their economic performance relative to more advanced counterparts, which is essential for achieving economic cohesion within the EU. From this perspective, real convergence plays a significant role in ensuring balanced economic growth and reducing regional disparities, which are essential for maintaining social cohesion and economic stability across the EU. By narrowing the income and development gaps among member states, real convergence supports the EU’s broader objective of fostering an integrated and resilient economic union.

Suggested Citation

  • Marius Augustin Draganescu & Florin-Cornel Popovici & Alexandru Avram, 2024. "The Evolution of Real Convergence within European Union: Progress, Disparities and Development Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 519-528, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:519-528
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    More about this item

    Keywords

    real convergence indicators; regional disparities; European Union; economic integration;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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