Alho, Kari E.O.; Kaitila, Ville; Widgrén, Mika - European Network of Economic Policy Research Institutes … - 2005
Economic convergence of the EU’s new member countries (NMCs) towards the incumbent EU countries (EU-15) is of paramount importance for both partners, not only in terms of real income but also in nominal terms. In this study we build a dynamic, computable general equilibrium model, starting...