Aggregate Demand and Macroeconomic Dynamics in the EU: A Comparative Analysis of Old and New Member States

Nikolay Velichkov ()

Ikonomiceski i Sotsialni Alternativi, 2020, issue 3, 62-72

Abstract: The paper looks at the macroeconomic dynamics in old and new EU Member States interpreted in light of the changes in the ag­gregate demand. The focus is on examining changes in individual components of aggregate demand over time, their relative importance, and their contribution to real GDP growth rates. This reveals the distinct features of old and new EU Member States in terms of the cost dependence of GDP growth and the resulting macroeconomic consequences.

Keywords: aggregate demand; economic growth; European Union (search for similar items in EconPapers)
JEL-codes: E21 E22 E23 O11 O47 O57 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.unwe.bg/doi/alternativi/2020.3/ISA.2020.3.05.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2020:i:3:p:62-72

Access Statistics for this article

More articles in Ikonomiceski i Sotsialni Alternativi from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().