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economies. This lead to the need for what the economists call sustainable convergence, whether we refer to the institutional …, legal, fiscal or monetary framework. This paper aims to investigate to current degree of convergence between the members of … economies. The obtained results confirm the convergence hypothesis between the new member states of the European Union, with …
Persistent link: https://www.econbiz.de/10011004921
Based on optimal currency area (OCA) criteria, this paper is assessing the real convergence process in Romania from the …. The main conclusion of our paper is the fact that Romania still needs time to progress on the real convergence criteria in …
Persistent link: https://www.econbiz.de/10011004987
In this paper, we examine the presence of convergence of real per capita incomes in G7 countries for the period of 1870 … break(s) are utilised to verify incidence of stochastic convergence, a necessary condition for conditional convergence …, while Carlino and Mills (1993) method is employed to confirm the existence of β-convergence, a sufficient requirement for …
Persistent link: https://www.econbiz.de/10011005004
Countries from Central and Eastern Europe face some specific challenges for poor countries: still fragile institutions, a social cohesion under a lot of pressures, inequalities in rapid growth(1), endemic corruption etc. That is why these countries must prepare public policies that should try to...
Persistent link: https://www.econbiz.de/10005099687
making for regional development, having as goal the unique convergence at European levels, one must take into account the …
Persistent link: https://www.econbiz.de/10005099713
implemented structural reforms in the market for goods, labor and financial products. On the long term, Romanian real convergence … to the European model is more important than nominal convergence. In this paper, we identify the main priorities for the … success of Romanian admittance in European Union. The nominal convergence must be attained faster because this process …
Persistent link: https://www.econbiz.de/10005099739
that the role of European integration in stimulating the economical growth involves the convergence processes, some …
Persistent link: https://www.econbiz.de/10005099775
Banking Sector was and will be the main pillar of the real integration and convergence of Romania to the European Union. …
Persistent link: https://www.econbiz.de/10005099796
This paper presents the main costs and benefits of accession to the EMU countries, different transmission mechanisms of monetary policy measures villages as national fiscal policies and the procedures for quantifying the effects of these measures on the real economy. Are costs caused by the...
Persistent link: https://www.econbiz.de/10005087788
Regional development has been defined as a process that has good effects on economic growth. This growth supposes both the expansion of regions’ productivity capacities and the increase of demand for these regions. Investment projects in Romania that will be financed from structural funds will...
Persistent link: https://www.econbiz.de/10005087797