Theoretical Dimensions of the GDP Expenditure Structure Convergence in the Eurozone

Nikolay Velichkov ()

Nauchni trudove, 2019, issue 5, 117-129

Abstract: The aim of this paper is to reveal the numerous macroeconomic dimensions of the GDP expenditure structure, and based on that to demonstrate the economic importance of the convergence with respect to this structure for the Eurozone countries. In this context, it can be concluded that achieving convergence in the expenditure components of GDP for the Eurozone countries is a prerequisite for convergence of the fundamental features of their economies. This convergence concerns first and foremost the factors determining the economic growth and flow of the business cycle which is an important condition for the effective functioning of the EU's Economic and Monetary Union.

Keywords: convergence; GDP expenditure structure; Eurozone (search for similar items in EconPapers)
JEL-codes: E20 E63 F42 F45 F68 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2019:i:5:p:117-129

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