How Far from the Euro Area?
How Far from the Euro Area?
Author(s): Ion IGNAT, Raluca Gabriela DULGHERIUSubject(s): Supranational / Global Economy, Governance, Economic policy, International relations/trade
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Euro area; Catching up; Real convergence; Central and Eastern Europe;
Summary/Abstract: The article performs a comparative analysis between the European Union member states from Central and Eastern Europe (Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania) in terms of real economic convergence with the Euro area. Specifically, the paper emphasizes the assessment of the time required to catch up with the average level of GDP per capita in the euro area. To determine these developments, we use a system of chain indices, calculated based on the growth rate of the GDP per capita. Assuming that the average growth specific to the period 1999-2014 will continue in the future, the results illustrate that the shortest period of catching up belongs to Poland, while Croatia remains by far the most distant country from the euro area.
Journal: SEA – Practical Application of Science
- Issue Year: IV/2016
- Issue No: 10
- Page Range: 65-70
- Page Count: 6
- Language: English