Cross-Country Versus Cross-Regional Convergence in the European Union: An Empirical Exploration

Menbere Workie Tiruneh

Chapter 7 in Money, Banking and Financial Markets in Central and Eastern Europe, 2010, pp 139-160 from Palgrave Macmillan

Abstract: Abstract The successful completion of European integration may by any measure be considered as one of the best achievements in modern European history. In spite of some outstanding pitfalls (i.e., monetary union despite fiscal decentralisation, and not no unanimity when it comes to foreign policy issues.), overall the integration process should be considered a turning point and milestone as a response to the process of globalisation and regional integration elsewhere in the world. This allows and will continue to allow the entire group much better bargaining power on the global stage, politically, economically and in other strategic areas. The implications for European transition economies are several in nature.

Keywords: Transition Economy; Regional Convergence; Fiscal Decentralisation; Capita Level; Conditional Convergence (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:pmschp:978-0-230-30221-1_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230302211

DOI: 10.1057/9780230302211_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().