TETING SIGMA CONVERGENCE ACROSS NEW EU MEMBERS

MIHUT Ioana Sorina, Babes-Bolyai University, Cluj-Napoca

LUTAS Mihaela, Babes-Bolyai University, Cluj-Napoca

Abstract:
Even though the issue of convergence between the member states of European Union is an extremely debated subject nowadays, the existing disparities continue to persist and even accentuate. Furthermore the economists and researchers in the field are interested to analyze whether the rich economies will continue to develop and at what speed on one side, and whether the poor countries will remain at the same level or will try to reduce their gap on the other side. The main objective of this study is to investigate sigma convergence across new member states of European Union using a deterministic methodology and analyze whether the states that adopted until now the euro converge faster that the other ones.

Keywords: convergence, divergence, economic growth, European Union.

JEL Classification:

Volume: 65, Issue: 4

Pages: 121 - 131

Publication date: , 2013

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/65409mihut&lutas.pdf

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