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Convergence or divergence in the European Union

The disparities in economic prosperity revealed both from inter-country and inter-region perspective are one of the main problem in the modern economy. They consist of the dispersion in the real values such as incomes, GDP or productivity, but also nominal values such as prices and costs. The European Union is aware of this problem hence the role of the regional and structural policy aiming enhancing the cohesion between member countries. The central question is whether this phenomenon (dispersion) can be suppressed. From the theoretical background three elements have to be considered simultaneously namely trade theory, endogenous growth theories and new economic geography. The empirical studies comprises of the analysis of real convergence which can give the answer whether the tendency towards equalization of level of life is observed and what is the speed of this process. The question is very important especially from the perspective of the New Member States (NMS) which at the time of entering the EU have been considerable lagging behind

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Informacje dodatkowe

Kategoria
Publikacja monograficzna
Typ
rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym
Język
angielski
Rok wydania
2007

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