Structural Changes and Convergence in EU and in Adriatic-Balkans Region
Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial (empir...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Romanian Academy
2011-06-01
|
| Series: | Revista Romana de Economie |
| Subjects: | |
| Online Access: | http://www.revecon.ro/articles/2011-1/2011-1-5.pdf |
| _version_ | 1819080446590320640 |
|---|---|
| author | Lucian-Liviu ALBU |
| author_facet | Lucian-Liviu ALBU |
| author_sort | Lucian-Liviu ALBU |
| collection | DOAJ |
| description | Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial (empirical) distribution of such shares in EU we are proposing a model to estimate a typology of the convergence process in the European area. Taking into account the existing differences among sectors in matter of productivity, there are two versions of the model: considering the share of sectors in total employment and the share of sectors in GDP, respectively. Moreover, we developed several modelling schemes that could be useful to improve the strategies oriented to achieve a real convergence in EU and further in the Adriatic-Balkans Region. In this way, we can obtain simulations from a country or group of countries (European Union, for example) on long term and quantifying the impact of structural changes on the convergence process. Indeed, the actual global crisis seems to influence negatively the convergence process in the EU. As a rule, just newly adhered countries have been more affected by the actual crisis. Today all forecasts are suffering from uncertainty. Thus, further efforts must be allocated to evaluate the negative impact of actual crisis on the convergence process. |
| first_indexed | 2024-12-21T19:45:01Z |
| format | Article |
| id | doaj.art-4cfc5af2376a459b81ec50490efd58e6 |
| institution | Directory Open Access Journal |
| issn | 1220-5567 |
| language | English |
| last_indexed | 2024-12-21T19:45:01Z |
| publishDate | 2011-06-01 |
| publisher | Romanian Academy |
| record_format | Article |
| series | Revista Romana de Economie |
| spelling | doaj.art-4cfc5af2376a459b81ec50490efd58e62022-12-21T18:52:21ZengRomanian AcademyRevista Romana de Economie1220-55672011-06-013217896Structural Changes and Convergence in EU and in Adriatic-Balkans RegionLucian-Liviu ALBUComing from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial (empirical) distribution of such shares in EU we are proposing a model to estimate a typology of the convergence process in the European area. Taking into account the existing differences among sectors in matter of productivity, there are two versions of the model: considering the share of sectors in total employment and the share of sectors in GDP, respectively. Moreover, we developed several modelling schemes that could be useful to improve the strategies oriented to achieve a real convergence in EU and further in the Adriatic-Balkans Region. In this way, we can obtain simulations from a country or group of countries (European Union, for example) on long term and quantifying the impact of structural changes on the convergence process. Indeed, the actual global crisis seems to influence negatively the convergence process in the EU. As a rule, just newly adhered countries have been more affected by the actual crisis. Today all forecasts are suffering from uncertainty. Thus, further efforts must be allocated to evaluate the negative impact of actual crisis on the convergence process.http://www.revecon.ro/articles/2011-1/2011-1-5.pdfstructural changesconvergencestages of economic developmentspatial distribution |
| spellingShingle | Lucian-Liviu ALBU Structural Changes and Convergence in EU and in Adriatic-Balkans Region Revista Romana de Economie structural changes convergence stages of economic development spatial distribution |
| title | Structural Changes and Convergence in EU and in Adriatic-Balkans Region |
| title_full | Structural Changes and Convergence in EU and in Adriatic-Balkans Region |
| title_fullStr | Structural Changes and Convergence in EU and in Adriatic-Balkans Region |
| title_full_unstemmed | Structural Changes and Convergence in EU and in Adriatic-Balkans Region |
| title_short | Structural Changes and Convergence in EU and in Adriatic-Balkans Region |
| title_sort | structural changes and convergence in eu and in adriatic balkans region |
| topic | structural changes convergence stages of economic development spatial distribution |
| url | http://www.revecon.ro/articles/2011-1/2011-1-5.pdf |
| work_keys_str_mv | AT lucianliviualbu structuralchangesandconvergenceineuandinadriaticbalkansregion |