The Intensity of Convergence Process in the European Union

Mihaela Simionescu

Economic Analysis, 2014, vol. 47, issue 1-2, 103-110

Abstract: The objective of this research is to analyze the differences between Romania and the European Union regarding the convergence process. In this paper we were interested in determining the forecasting horizon for which Romania, in certain conditions, might have a value of GDP per capita that is closer to the average of EU (25 countries) and we obtained that 18 years are necessary for Romania to achieve the convergence compared to EU average of GDP per capita. The co-integration approach suggested that in the last 15 years there is a divergence of the Romania economic growth and the EU-25 average. This research might be developed by taking into account other measures of economic convergence.

Keywords: beta convergence; GDP per capita; regression; co-integrated series (search for similar items in EconPapers)
JEL-codes: O2 O47 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ibg:eajour:v:47:y:2014:i:1-2:p:103-110

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