Economics at your fingertips  

Risks and benefits for new member states of the European Union in their entry in the Euro area in the context of the debt crisis

Viktor Dinev

Economic Thought journal, 2017, issue 3, 112-130

Abstract: The Granger causality test is used to establish the direction of influence among multiple indicators related to exports and imports of new member states (NMS) of the European Union, considering the impact of the debt crisis in the Euro area (EA). Basic macroeconomic indicators of the countries are reviewed for the period 2004-2015, including the fulfillment of the Maastricht convergence criteria. The conclusions of the study point to positives for the considered countries regarding the EA membership, as well as risks. Recommendations are made on the diversification of the NMS export markets, implementing of an economic growth policy, based on exports and foreign direct investment, and forming of a roadmap on the EA membership of the states, which are not in the monetary union.

JEL-codes: E60 F02 F14 G01 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
Fee access (Bulgarian)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Economic Thought journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Series data maintained by Diana Dimitrova ().

Page updated 2017-09-29
Handle: RePEc:bas:econth:y:2017:i:3:p:112-130