ROMANIA’S REAL CONVERGENCE TO EU - DREAM OR REALITY?

Cristian Socol () and Aura Gabriela Socol ()

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement), issue 6(511)(supplement), 61-72

Abstract: In transition, the Romanian authorities have advanced the development of prudent macroeconomics policies and implemented structural reforms in the market for goods, labor and financial products. On the long term, Romanian real convergence to the European model is more important than nominal convergence. In this paper, we identify the main priorities for the success of Romanian admittance in European Union. The nominal convergence must be attained faster because this process supposes stability prices, the financial soundness indicators, the need to stabilize exchange rate. In addition, the real convergence with European Union is very important.

Keywords: convergence; nominal convergence; real convergence; structural convergence. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:6(511)(supplement):y:2007:i:6(511)(supplement):p:61-72

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