MACROECONOMIC CONVERGENCE IN THE EUROPEAN UNION. THE CASE OF ROMANIA

Robert-Ionuţ Dobre

Revista de Economie Mondiala / The Journal of Global Economics, 2017, vol. 9, issue 4, 49-65

Abstract: Real economic integration and rapid convergence of all European Union (EU) countries are both the most important medium-term objective and the most important instrument for curbing current centrifugal trends.This article aims to address the degree of integration of the EU countries from a macroeconomic perspective by analyzing some of the major indicators statically and dynamically. It concludes that integration is a long-term process that requires significant efforts from all the actors involved. Furthermore,the objective of the macroeconomic convergence process must be the welfare of all EU citizens.

Keywords: convergence; macroeconomic indicators; European Union (EU); Romania; cluster analysis (search for similar items in EconPapers)
JEL-codes: C38 E60 E66 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:9:y:2017:i:4:p:49-65

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