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Real convergence in the European Union

Authors: Veiga, Francisco José;

Real convergence in the European Union

Abstract

This essay deals with real convergence in the European Union (EU). Real convergence is here defined as convergence of GDP per capita in Purchasing Power Standard. I examine whether there is empirical evidence of real convergence among EU countries or regions and if the current effort towards nominal convergence has slowed real convergence. The main findings are that there has been some real convergence at the country level, mainly before the mid- 1970s, but not much evidence of real convergence is found at the regional level. I also find that the convergence criteria set in the Treaty of Maastricht may have slowed real convergence in the European Union.

Country
Portugal
Related Organizations
Keywords

Real convergence, Countries and regions, European Union

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    popularity
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green