Intrasectoral Structural Convergence of the Economies of Bulgaria and Romania to the Eurozone

Dimitar Damyanov ()
Additional contact information
Dimitar Damyanov: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2020, issue 5, 141-156

Abstract: Convergence of production structures is an important factor for the synchronization of the business cycles of Eurozone economies and for the effectiveness of the monetary policy of the ECB. This paper presents an analysis of the process of structural convergence between the economies of Bulgaria, Romania and the Eurozone at the intrasectoral level for the period 1998 – 2017. A sigma convergence methodology is employed, and the divergence index and dissimilarity index are applied. The results indicate that production structures in Bulgaria are diverging slightly from the Eurozone, while the opposite is true about Romania.

Keywords: structural convergence; economic integration; monetary unions; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 F02 L16 O47 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://unwe-research-papers.org/bg/journalissues/article/10324 (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:natrud:y:2020:i:5:p:141-156

Access Statistics for this article

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