REAL CONVERGENCE EVOLUTION OF THE ROMANIAN ECONOMY FROM THE EURO ADOPTION PERSPECTIVE

Andreea Maria Ciobanu
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Andreea Maria Ciobanu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 2, issue 43, 148-157

Abstract: Joining the EMU should not be an end in itself but a logical step after a thorough preparation of the economy. Taking this finding as starting point, the article aims to assess the real convergence process at the UE level. In this sense, based on the GDP per capita index at PPP a comparative, retrospective and prospective analysis has been undertaken, which revealed that Romania, although obtained a number of positive results, must press the accelerator for a healthy economic growth, sustainable and durable designed to reduce the gaps with the developed countries of the EU. In conclusion, it is considered that the objective of adopting the euro on the 1st of January 2019 is feasible, under the condition that the procedures are started urgently, based on a strict schedule and assumed by all political forces regardless of colour, as there are many other goals to be met before initiating this process, otherwise a too early adoption may hinder or even derail the process of convergence.

Keywords: GDP; real convergence; indicators of variation. (search for similar items in EconPapers)
JEL-codes: G00 G01 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2015:i:43:p:148-157

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