Structural Convergence of European Economies – Literature Review

Dimitar Damyanov ()
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Dimitar Damyanov: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2019, issue 5, 217-230

Abstract: Structural convergence in the EU is regarded as an important prerequisite for the efficient functioning of the Economic and monetary union. This article presents a brief review of the existing theoretical and empirical literature regarding the convergence of output structures among countries. The analysis of the theoretical literature identifies a wide variety of factors driving the process. In line with that, conflicting evidence about the EU’s past experience with convergence can be found in empirical studies.

Keywords: economic integration; structural change; structural convergence; monetary unions (search for similar items in EconPapers)
JEL-codes: F02 F45 L16 O47 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2019:i:5:p:217-230

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