ANALYSIS OF CONVERGENCE WITHIN THE EUROPEAN UNION - SIGMA AND BETA CONVERGENCE

Begu Liviu-Stelian (), Teodorescu Irina-Teodora (), Dimidov Ioana-Catalina () and Istrate Ionut ()
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Begu Liviu-Stelian: ASE, CSIE
Teodorescu Irina-Teodora: ASE, REI
Dimidov Ioana-Catalina: ASE, REI
Istrate Ionut: ASE, REI

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 482-485

Abstract: Real convergence study began with the development of neoclassical models of growth and especially with the passage of econometric applications of these models. In this paper we present applications of indicators and patterns of convergence on the example of European Union member countries and some current economic impact assessments on European convergence process. This analysis is based on the estimated σ- and β convergence and on Markov chains. The study deals with the economic convergence of the European countries and especially the convergence of the EU countries, including Romania. In the end of the study presents several economic scenarios for a faster and easier exit from the current crisis in Romania.

Keywords: real convergence; σ-convergence; β-convergence; Markov chains (search for similar items in EconPapers)
JEL-codes: C13 C15 F15 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:2:p:482-485

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