Albania and the EU: A path to convergence?

Javier López-Prol ()
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Javier López-Prol: Department of International Economics and Development, Complutense University of Madrid, Spain
Authors registered in the RePEc Author Service: Javier Lopez Prol

EuroEconomica, 2014, issue 2(33), 97-116

Abstract: The aim of this paper is to assess the degree of relative convergence achieved by Albania in relation to the EU during the last decade through a descriptive empirical analysis. The paper is divided into three sections related to real and nominal convergence in the fields of economic performance; trade openness and balance; and monetary convergence, according to the Euro criteria established in the art. 140 (1) of the TFEU and the protocol Nº 13 (price stability, public finances, exchange rate, and long-term interest rates). In order to have a wide perspective about convergence-divergence trends inside and outside the EU, the tendencies followed by Germany and Greece are also mentioned, as paradigmatic cases of divergence within the EU. Finally, a summary table is presented reviewing each of the analysed variables regarding the last decade evolution and the current situation.

Keywords: European Union; growth; divergence; integration; Euro. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2014:i:2:p:97-116

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