IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-37138-6_23.html
   My bibliography  Save this book chapter

Convergence and Divergence

In: Palgrave Dictionary of Emerging Markets and Transition Economics

Author

Listed:
  • Guinevere Nell
  • Marcello Signorelli

Abstract

There are certain patterns, which economists have noticed and studied, in the growth of economies globally and regionally. Economies influence each other, and at times some appear to converge, in terms of growth or other indicators, to meet others. Empirical studies are used to track this phenomenon, in which economies become more alike, and economists also build dynamic models to explore the potential causes. These may include trading patterns and influence of other countries through foreign investment, as well as through an internal change of institutions, such as when economies transition between socialist and free market economic systems. Divergence of economic systems may also occur, as well as convergence and divergence of smaller economic areas and groups of areas. This chapter examines the various kinds of convergence and divergence that are most actively being examined, both real and nominal, and how their existence has influenced policy choices, especially the European Currency Union. We conclude with an examination of the challenges facing transition economies, especially those posed by reforms undertaken for the purpose of meeting with European Currency Union guidelines and laws, and the specific issues for least developed economies.

Suggested Citation

  • Guinevere Nell & Marcello Signorelli, 2015. "Convergence and Divergence," Palgrave Macmillan Books, in: Jens Hölscher & Horst Tomann (ed.), Palgrave Dictionary of Emerging Markets and Transition Economics, chapter 22, pages 437-457, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37138-6_23
    DOI: 10.1007/978-1-137-37138-6_23
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Agnieszka Kozera & Małgorzata Dworakowska-Raj & Aldona Standar, 2021. "Role of Local Investments in Creating Rural Development in Poland," Energies, MDPI, vol. 14(6), pages 1-30, March.
    2. Rossitsa Rangelova, 2021. "Economic Growth and Development of the Concept of Convergence – Theoretical Basis," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 3-26.
    3. Aldona Standar & Agnieszka Kozera, 2019. "The Role of Local Finance in Overcoming Socioeconomic Inequalities in Polish Rural Areas," Sustainability, MDPI, vol. 11(20), pages 1-28, October.

    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:pal:palchp:978-1-137-37138-6_23. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.