IMPACT OF ACTUAL CRISIS ON EU CONVERGENCE
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Authors:
• Lucian-Liviu ALBU, email: albul@ipe.ro, Afiliation: Institute for Economic Forecasting-NIER, Romanian AcademyPages:
• 125|134 -
Keywords: convergence, divergence, variation coefficient, European Union
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Abstract:
Estimating a set of concentration indicators for the period of actual crisis (emerged in 2008), we demonstrated a significant impact of it on convergence process in EU. However, the differences in matter of convergence emerge at the level of groups of countries. Thus, while in EU-10 (most recent acceded countries to EU) is manifesting a strong convergence, in EU-15 (old members of EU) a significant trend of divergence was demonstrated.
