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This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …
Persistent link: https://www.econbiz.de/10011773257
Over the last two decades, income disparities between EU member states tended to decline, particularly before the financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch-up growth in both peripheries relied on nominal...
Persistent link: https://www.econbiz.de/10012700505
Convergence among regions is explicitly defined as a political aim of the European Union. Overall, NUTS3 regions have indeed shown a path of convergence since the year 2000, but there are huge differences among the regions. Many Eastern European countries as well as several regions in Spain and...
Persistent link: https://www.econbiz.de/10011530916
The European Commission is trying to increase the EU's competitiveness by building on its assets, particularly its many ICT industrial clusters. The Commission is seeking to strengthen the role of European ICT poles of excellence (EIPEs). But where are EIPEs and what are their characteristics?...
Persistent link: https://www.econbiz.de/10011617718
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Along with the Green Deal, the von der Leyen Commission immediately started to look at how to adopt an industrial strategy that would promote EU competitiveness and support the Commission's self-assigned "geopolitical" role by boosting strategic autonomy.
Persistent link: https://www.econbiz.de/10012700508