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Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial...
Persistent link: https://www.econbiz.de/10009322186
Early, the convergence theory was suggestively expressed in the Solow model. This can be shown in line with the fact that while economic development is advancing (expressed by the income per capita growth), on long run there is a general convergence process among countries. Generally, empirical...
Persistent link: https://www.econbiz.de/10010740301
Development gaps are a common feature throughout the regions of the European Union, and Romania is no exception. Despite all the political and financial efforts, the convergence process is lengthy and complex, and the gaps with the deepest economic and social roots are the most difficult to be...
Persistent link: https://www.econbiz.de/10010740477
In the context of current economic and financial crisis a comparative analysis of the main indices of economic and social performance of the EU member states is necessary. In such line of argument, the authors propose, as novelty, an economic power-economic performance matrix as a methodological...
Persistent link: https://www.econbiz.de/10011131966
Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial distribution in EU of some fundamental development indicators before the current crisis, we try to estimate the impact of the prolonged crisis. During last years, the less developed...
Persistent link: https://www.econbiz.de/10011132180