-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth. …

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms …, consumption, and labour mobility behaviour to address several other issues like welfare and sustainability in terms of foreign … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and …

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms …, consumption, and labour mobility behaviour to address several other issues like welfare and sustainability in terms of foreign … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and …

Economic convergence of the new member countries (NMCs) of the EU towards the incumbent EU countries (EU-15), not only … formation, consumption behaviour and labour mobility to address several other issues like uncertainty, welfare and … sustainability in terms of foreign indebtedness. At the same time we evaluate, by endogenising FDI flows, what impact convergence has …

This report revisits the growth and convergence performance of the 11 EU member states in Central, East and Southeast … growth. The findings show that convergence has significantly slowed since the global financial crisis, with value added …