The Evolution of Real Convergence within European Union: Progress, Disparities and Development Perspective

Marius Augustin Draganescu (), Florin-Cornel Popovici () and Alexandru Avram ()
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Marius Augustin Draganescu: West University of Timișoara, Romania
Florin-Cornel Popovici: West University of Timișoara, Romania
Alexandru Avram: West University of Timișoara, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 519-528

Abstract: This article evaluates the evolution of real convergence within the European Union, focusing on the progress and disparities that have shaped economic development across member states. Real convergence, a process through which less developed economies improve their economic performance relative to more advanced counterparts, which is essential for achieving economic cohesion within the EU. From this perspective, real convergence plays a significant role in ensuring balanced economic growth and reducing regional disparities, which are essential for maintaining social cohesion and economic stability across the EU. By narrowing the income and development gaps among member states, real convergence supports the EU’s broader objective of fostering an integrated and resilient economic union.

Keywords: real convergence indicators; regional disparities; European Union; economic integration (search for similar items in EconPapers)
JEL-codes: H00 H7 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:519-528

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