Econometric Assessment of the Degree of Economic Convergence between Member States of the European Union

Elena Mădălina Opritì¦escu
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Elena Mădălina Opritì¦escu: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2017, vol. 1, issue 19, 136-144

Abstract: One of the important objectives of the European Union is to support economic growth based on economic, social and territorial cohesion between Member States. Due to the accession of relatively poor countries to the European Union, maintaining cohesion is and will remain a major challenge, with cohesion policy having to support the reduction of imbalances between the old Member States and also support the development of less developed regions. One of the main measures adopted by the European authorities emphasizes the importance of increasing the degree of economic convergence between Member States by promoting a common market along with an economic and monetary union. In addition, increasing productivity and convergence within the EU are the foundations of the Lisbon Strategy and remain an important pillar of the Europe 2020 Growth Strategy.

Keywords: Economic growth; regional development; sigma convergence; beta convergence (search for similar items in EconPapers)
JEL-codes: E01 O47 O52 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2017:i:19:p:136-144

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