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Nominal and Real Convergence

In: The Spanish Economy in the New Europe

Author

Listed:
  • Carmela Martín

    (Jean Monnet Professor of European Integration, Universidad Complutense de Madrid
    FUNCAS (Fundación de las Cajas de Ahorros))

Abstract

To round off the comparative study of Spain’s main economic variables vis-à-vis those of the other EU countries, in this final chapter of Part I we shall examine whether economic convergence in the European Union has actually advanced since Spain joined the Community. Specifically, Section 7.2 discusses the meaning of the concept ‘economic convergence’ and the most common methods of measuring it. Section 7.3 then explores the process of nominal convergence in Spain in relation to that of its European partners, taking several of the criteria established in the Treaty on European Union, or Maastricht Treaty, as its starting point: price stability and the position of public finances (balance and debt).

Suggested Citation

  • Carmela Martín, 2000. "Nominal and Real Convergence," Palgrave Macmillan Books, in: The Spanish Economy in the New Europe, chapter 7, pages 131-145, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-59710-5_8
    DOI: 10.1057/9780230597105_8
    as

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