THE EUROPEAN UNION CONVERGENCE IN TERMS OF ECONOMIC AND HUMAN DEVELOPMENT
Journal Title: CES Working Papers - Year 2015, Vol 7, Issue 2
Abstract
In the context of EU enlargement there is no universal model which should offer a unique solution for diminishing the disparities in the development of a country. An approach only from the point of view of economic growth is not enough, so we extend the analysis towards the social development. Considering the level of GDP per capita and of HDI registered by EU states during 1995-2012, we test the hypothesis of real σ and β-convergence in terms of economic and social development. The estimated results indicate a tendency in reducing the divergence in both economic and social degree of development. A relatively strong process of real σ-convergence became evident while real β-convergence testing supports the hypothesis among EU countries, but the results indicate a slower process for HDI convergence compared with GDP per capita.
Authors and Affiliations
Iulia Andreea BUCUR, Oana Ancuta STANGACIU
Keywords
Related Articles
- EP ID EP127693
- DOI -
- Views 137
- Downloads 0
L’IMPACT DE L’APPLICATION DES REFORMES BALE III SUR L’INDUSTRIE BANCAIRE ROUMAINE
Le début du XXIème a connu un essor remarquable des marchés financiers, de l’innovation et des processus de déréglementation. L’inflation faible, la liquidité abondante, la confiance dans les marchés efficaces et autorég...
BUSINESS CYCLE SYNCHRONIZATION IN THE EURO AREA
Business cycle synchronization represents a condition for the successful implementation of the common monetary policy within the Economic and Monetary Union. There is a tight relation between business cycle synchronizati...
THE IMPERATIVES OF QUALITY SERVICES IN CONDITION OF EUROPEAN INTEGRATION
Quality includes the technical side or strictly linked to intrinsic characteristics and properties of the product or service and it can be defined as a set of properties and characteristics of a product or service, which...
ROMANIAN ADMINISTRATIVE CAPACITY OF EUROPEAN FUNDS ABSOBTION
The capacity to absorb European funds is part of a state complex integrated admninistrative capacity, a component of a state as a whole. The analysis in this article starts from the theoretical development by studying th...
HUMAN CAPITAL AND EDUCATION FOR SUSTAINABLE DEVELOPMENT IN A GLOBAL WORLD
The world continues to face various critical challenges such as: human-induced climate change, the rapid depletion of natural resources, the loss of biodiversity, increased poverty, the dependency of our economic systems...