Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market … physical capital intensities in the long run. Due to standard-convergence in the model, catching up will continue at a … decelerating speed. Also nominal convergence in prices that will lead to a real appreciation of the EME currencies with respect to …

We analyse the Sigma convergence (standard deviation divided by average) of purchasing power adjusted GDP per capita … coefficients to convergence. With short pauses, there has been a long term trend of GDP per capita convergence in the European … Union after 1960. The Great Recession was a shock to the development, and convergence within the EU-15 has suffered …

(agriculture and rural development), cohesion (regional and structural policies), and competitiveness. Scenarios concerning the … growth of funding under the competitiveness headline, if the country will be able to develop capabilities to apply for … research and other competi-tiveness funding. …

We assess Finland’s competitiveness in the light of various, mainly short-term indicators. It turns out that the weak …-term competitiveness are quite good and maintaining and developing them should remain a key element of economic policy also in the future …. In contrast, it would be a mistake to believe that Finland’s current competitiveness challenges could be solved primarily …

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …