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EU Balkan Member States between Economic Periphery and Cohesion. To a New Regional Leader in an EU of Contradictions?

Author

Listed:
  • Victor Ionescu

    (Dunarea de Jos University)

Abstract

The paper deals to the idea that the EU Balkan region would become a growth pole even that the present regional development disparities are high. This is why the “new EU” has to create new opportunities for the EU Balkan Member States. The analysis in the paper is focused on the following indicators: GDP, private consumption, public consumption, gross fixed capital formation, exports and imports. In order to quantify the regional disparities between the Member States in this region, the analysis is built on the following algorithm :the correlation analysis, regression analysis and cluster analysis. In order to point out the economic trend in the region, forecasting procedures are used for the 2019-2021 period. The mathematic analysis is supported by IBM-SPSS software. The main conclusion of the paper is that the Balkan economies will continue to develop under a divergent way and the regional disparities will increase, at least on short and medium terms.

Suggested Citation

  • Victor Ionescu, 2018. "EU Balkan Member States between Economic Periphery and Cohesion. To a New Regional Leader in an EU of Contradictions?," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 12(2), pages 1-34, December.
    • Handle: RePEc:rrs:journl:v:12:y:2018:i:2:p:1-34
    as

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    References listed on IDEAS

    as
    1. Provopoulos, George A., 2014. "The Greek Economy and Banking System: Recent Developments and the Way Forward," Journal of Macroeconomics, Elsevier, vol. 39(PB), pages 240-249.
    2. Engjell PERE & Albana HASHORVA, 2012. "Western Balkans’ Countries In Focus Of Global Economic Crisis," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 12(1(15)), pages 63-73, June.
    3. Petar Stankov & Aleksandar Vasilev, 2018. "What Explains the Variety of Reform Outcomes Across Countries?," Bulgarian Economic Papers bep-2018-01, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Jan 2018.
    4. Vladimir Gligorov, 2016. "The Transfer and Adjustment Problems in the Balkans," wiiw Balkan Observatory Working Papers 125, The Vienna Institute for International Economic Studies, wiiw.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    regional disparities; regional leader; Balkan economies; economic performances;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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