Evaluating the economic governance in terms of convergence: the case of the European Union

Ioana-Sorina Mihuţ and Larisa-Nicoleta Pop

International Journal of Economics and Accounting, 2016, vol. 7, issue 2, 156-173

Abstract: The main aim of this research is to assess the degree of convergence between the most important indicators of the economic governance process, as defined by the World Bank. Using as a sample of data all the 28 member states of the European Union and a time frame between 1996 and 2013, the obtained results do not confirm the absolute convergence hypothesis, except for the case of 'voice and accountability' indicator. In order to investigate this debated subject, we applied the panel unit root tests on relative values, as they generate more accurate results. The overall conclusion of the study is that, due to the high degree of heterogeneity between states, high levels associated to public debts, political tensions and the national prioritisation of the economic governance aspects, there is still a high level of divergence between the member states of the European Union.

Keywords: economic governance indicators; European Union; economic convergence; economic disparities; EU member states; public debt; political tensions. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=78316 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijecac:v:7:y:2016:i:2:p:156-173

Access Statistics for this article

More articles in International Journal of Economics and Accounting from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().