Zur Frage der realwirtschaftlichen Konvergenz in der Europäischen Union

Molitor Christian
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Molitor Christian: Referent für Wirtschaftspolitik Landtagsfraktion Bündnis 90/Die Grünen Saar Franz-Josef-Röder-Str. 7, D - 66119 Saarbrücken

Zeitschrift für Wirtschaftspolitik, 1997, vol. 46, issue 3, 324-340

Abstract: The paper examines theoretical and empirical aspects of convergence in the European Union. Whether the European economies will converge in the future or not, cannot be determined by theoretical reasonning. Neoclassical models predict convergence, endogenous growth models and new regional economics allow for divergence. However, the empirical results for the EU suggest slow (absolute) convergence between the national economies in the past. The economies seem to belong to the same “convergence-club”. The autonomous role of wage policy for the convergence process - somewhat neglected in most theoretical models - as well as some policy implications of the results are also discussed.

Date: 1997
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DOI: 10.1515/zfwp-1997-0306

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