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Structural Convergence Of Eu Economies: Theoretical Importance And Dimensions

Author

Listed:
  • Stela Raleva

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The paper represents a theoretical study of the structural convergence in the context of the European integration process. It gives an interpretation of this convergence in terms of dependences between structural changes and macroeconomic dynamics, as well as in terms of its relation to nominal and real convergences. The paper explains the importance of structural convergence for business cycles synchronization and monetary integration, and defines a several dimensions for its assessment, related to convergences of the structures of GDP, GVA, labor market, regions, relative prices and foreign trade.

Suggested Citation

  • Stela Raleva, 2020. "Structural Convergence Of Eu Economies: Theoretical Importance And Dimensions," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 103-116.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:103-116
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    More about this item

    Keywords

    structural convergence; nominal convergence; real convergence; business cycles synchronization;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F15 - International Economics - - Trade - - - Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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