Economic convergence in the EU and its impact on property markets

Dieter Rebitzer, Mark Renz and Paolo Colucci

ERES from European Real Estate Society (ERES)

Abstract: Since the Euro-crisis the cohesion and economic convergence within the EU are questioned from what we derived our exploratory question: “Is there a convergence between the members-states (EU-15) or not?” This will be evaluated within the framework of an empirical analysis. In the first part of our paper we are examining convergence terms and definitions (absolute-, - and - convergence) and their demarcations. Households, companies and nation-states are considered. In the following Gossen’s Law, the Solow model and the principle of subsidiarity are outlined and explained. On this foundation a comparison of the convergence and divergence theories in reality will be drawn.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2015-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2015_216

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