ANALYSIS OF THE REAL CONVERGENCE PROCESS IN ROMANIA COMPARED TO CENTRAL AND EASTERN EUROPEAN COUNTRIES

Avramescu Tiberiu-Cristian
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Avramescu Tiberiu-Cristian: NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY POLITEHNICA BUCHAREST, PITESTI UNIVERSITY CENTER

Annals - Economy Series, 2025, vol. 4, 102-108

Abstract: Real convergence is a fundamental pillar of the European Union and refers to the reduction of disparities between less developed and more advanced economies. This process began to be studied in the second half of the 20th century and has become increasingly debated with the establishment and expansion of the European Economic Community.The main objective of this paper is to examine real convergence among the Central and Eastern European member states that joined the European Union in 2004 and 2007 and have not yet adopted the single European currency. In this context, we analyzed Romania’s real convergence in comparison with the results of these member states, using the following indicators: Gross Domestic Product per capita, expressed as a percentage of the EU27 average, nominal labor productivity per person, expressed as a percentage of the EU27 average, the unemployment rate and the export-to-import coverage ratio. The results of the study suggest that these member states, including Romania, have made significant progress in terms of real convergence, despite concerns that their accession to the European Union would threaten its stability. Real convergence plays a significant role in ensuring balanced economic growth and reducing regional disparities—key aspects for maintaining social cohesion and economic stability throughout the European area.

Keywords: real convergence; economic growth; GDP per capita; labour productivity; European integration (search for similar items in EconPapers)
Date: 2025
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