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not economic necessity have dictated the consolidation in the EU during the 90s. …
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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 …
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