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Convergence in the EU

Annette Bongardt, Francisco Torres (ftorres@ucp.pt), Carsten Hefeker, Pierre Wunsch and Christoph Hermann

Intereconomics: Review of European Economic Policy, 2013, vol. 48, issue 2, 72-92

Abstract: The EU has long viewed economic and institutional convergence as important goals, but the results thus far have been decidedly mixed, and there remain several open questions: How exactly should convergence be defined? How much convergence is necessary? What steps can be taken to improve convergence in the EU, and how can success be defined? Finally, how much convergence can be achieved by improving the economic performance in underperforming regions, and how can convergence in the form of harmonisation towards lower welfare levels be avoided? Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Date: 2013
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DOI: 10.1007/s10272-013-0448-9

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