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The volume index of GDP reflects the change in real income generated by production, which differs from the change in real domestic income (RGDI) available consumption and investment in case of movements in the terms of trade (ToT). If the ToT improve (the price index of exports is above that of...
Persistent link: https://www.econbiz.de/10012290298
Significant cross-country differences in real income levels are accompanied by sizable differences in price levels, and, in the longer run, convergence in real income levels goes together with convergence in price levels. Although the cross-country comparison of nominal per capita GDP levels at...
Persistent link: https://www.econbiz.de/10012604945
Persistent link: https://www.econbiz.de/10010494450
Persistent link: https://www.econbiz.de/10008797521
Significant cross-country differences in real income levels are accompanied by sizable differences in price levels, and, in the longer run, convergence in real income levels goes together with convergence in price levels. Although the cross-country comparison of nominal per capita GDP levels at...
Persistent link: https://www.econbiz.de/10012582298
The volume index of GDP reflects the change in real income generated by production, which differs from the change in real domestic income (RGDI) available consumption and investment in case of movements in the terms of trade (ToT). If the ToT improve (the price index of exports is above that of...
Persistent link: https://www.econbiz.de/10012107299
Structural funds are the most intensively used policy instrument by the European Union to promote economic growth in its member states and to speed up the process of convergence. This paper empirically explores the effectiveness of European Structural Funds by means of a panel data analysis for...
Persistent link: https://www.econbiz.de/10005168755
The paper surveys the main trends of per capita income convergence in the European Union. It stresses that income disparities have ceased to diminish across the European regions since 1980, although convergence between countries has continued in this period. Income levels have diverged inside...
Persistent link: https://www.econbiz.de/10005463756
postponed euro-adoption until 2020 without any explanation, which is one of the motivations of our analysis. We review the … arguments formulated in 2000-2004 regarding the adoption of the euro by the profession, as well as the declarations and actual … policies pursued by successive governments during the 2000-s. The study discusses the crisis within the euro area, the …
Persistent link: https://www.econbiz.de/10010494500