ECONOMIC DEVELOPMENT OF BULGARIA AND ROMANIA IN THE POST CRISIS PERIOD

Iskra Cristova-Balkanska
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Iskra Cristova-Balkanska: Economic Research Institute, Bulgarian Academy of Sciences

Journal of Financial and Monetary Economics, 2014, vol. 1, issue 1, 2-9

Abstract: The success of the integration process of Bulgaria and Romania is reflected by their nominal and real convergence process. These tendencies are of special importance considering further economic development of Bulgaria and Romania, and the shortening of the economic distance with more developed economically EU countries. The real convergence process is important considering the future entrance of Bulgaria and Romania in the euro area. The contribution is trying to divulge the experiences gained in real convergence in both countries, the catch up process and the future prospects.

Keywords: Economic growth; FDI; economic convergence; catching up process; EU structural Funds (search for similar items in EconPapers)
JEL-codes: F15 F21 F63 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:1:y:2014:i:1:p:2-9

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