An Analysis of Economic Growth, Competitiveness and Macroeconomic Imbalances in the European Union

Gheorghe Hurduzeu and Maria-Isadora Lazar

Romanian Economic Journal, 2015, vol. 18, issue 57, 37-50

Abstract: Taking into consideration the determinants of the economic crisis and of the sovereign debt crisis, we aim to analyze the dynamics of the European economies and discuss changes related to macroeconomic imbalances, as highlighted by the recent crises as an important factor of the unfavorable dynamics registered during the last years. In this respect we considered both internal and external imbalances, as specified in the macroeconomic imbalance procedure that was implemented for the European Union member states since 2012, as a response to the crises that affected all open economies of the world. The purpose of this article is to provide a comprehensive analysis of economic imbalances in the European Union and to determine their influence on economic growth.

Keywords: economic growth; competitiveness; economic imbalances; European Union (search for similar items in EconPapers)
JEL-codes: E63 F43 O11 O47 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:18:y:2015:i:57:p:37-50

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