Economics, Econometrics and Finance
4 years ago

New Study Reveals Economic Convergence Patterns Across European Union Members

RePEc: Research Papers in Economics
A Contribution to the Empirics of Convergence: the Case of the European State Members
Cândido T. Sousa, Elisabeth T. Pereira

Paper Summary

The article examines economic convergence in the European Union. They found that there is overall convergence in income levels, but newer EU members are catching up faster. Different economic growth theories have varying impacts on EU growth, with neoclassical ideas being important since 1980 and Neo Schumpeterian ideas since 1991.

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