IDEAS home Printed from https://ideas.repec.org/a/vls/rojfme/v8y2020i1p183-189.html
   My bibliography  Save this article

On A Trade-Off Resilience – Convergence In The Economic Integration In Eu

Author

Listed:
  • DINGA, Emil

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The paper is focused on a possible trade-off which could arise between resilience and convergence in the process of Economic integration within European Union. The basic idea is the following: resilience requires some degree of differentiation, which is contradictory with the convergence in the economic field (but necessarily in the institutional one, as well). So, it seems the opportunity cost of the resilience is the convergence and vice versa. In such a context, the paper examines the risks and the associated costs in handling both the resilience property of the European integrated economy and the convergence process of the European integration. The main result is that the economic (and institutional) convergence must be limited to a sustainable degree which can also ensure the resilience of the European economy face to the rest of economic world.

Suggested Citation

  • DINGA, Emil, 2020. "On A Trade-Off Resilience – Convergence In The Economic Integration In Eu," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 8(1), pages 183-189, October.
    • Handle: RePEc:vls:rojfme:v:8:y:2020:i:1:p:183-189
    as

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol8i1p183-189.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hansjörg Herr & Bea Ruoff, 2018. "Insufficient Economic Convergence in the World Economy: How Do Economists Explain Why Too Many Countries Do Not Catch-up?," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 7(1), pages 1-27, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Herr, Hansjörg, 2018. "Underdevelopment and unregulated markets: Seven reasons why unregulated markets reproduce underdevelopment," IPE Working Papers 103/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    2. Herr, Hansjörg, 2018. "The Communist Manifesto: What can we learn today for a country like Vietnam?," IPE Working Papers 98/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

    More about this item

    Keywords

    resilience; convergence; EU; trade-off; opportunity cost;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:rojfme:v:8:y:2020:i:1:p:183-189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.