Alho, Kari E. O. (contributor); Kaitila, Ville (contributor) - 2008
Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … of real income, but also in nominal terms, is of paramount importance for the whole of the EU. We build a dynamic CGE … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and …