Borys, Magdalena Morgese; Polgár, Éva Katalin; Zlate, … - 2008
euro area remain large. This suggests that the challenges of real convergence will remain relevant for the region even in … the medium and long term. This paper therefore focuses on real convergence and its determinants in the candidate and … convergence, followed by capital deepening, whereas labour has contributed only marginally to economic growth. There is evidence …