ECONOMIC DEVELOPMENT AND CONVERGENCE IN ROMANIA
This paper presents the economic connection between nominal convergence, real convergence and economic development in Romania. It is shown that fulfilling the nominal criteria is not enough to enter the Economic Monetary Union. It needs to be accompanied by a sustainable economic development and an...
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| Format: | Article |
| Language: | English |
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Universităţii "Constantin Brâncoveanu"
2014-11-01
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| Series: | Strategii Manageriale |
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| Online Access: | http://www.strategiimanageriale.ro/papers/140420.pdf |
| Summary: | This paper presents the economic connection between nominal convergence, real convergence and economic development in Romania. It is shown that fulfilling the nominal criteria is not enough to enter the Economic Monetary Union. It needs to be accompanied by a sustainable economic development and an increasing labour productivity. |
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| ISSN: | 1844-668X 1844-668X |