Income and structural convergence of Western Balkans to European Union
This paper aims to model the convergence of economic development of Albania within the Western Balkans and in the context of European integration aspirations of the region. The conclusion of this paper is that the Balkan countries have converged among themselves and toward European Union (EU). But t...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2017-06-01
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| Series: | The European Journal of Comparative Economics |
| Subjects: | |
| Online Access: | http://ejce.liuc.it/18242979201701/182429792017140108.pdf |
| _version_ | 1829520791917559808 |
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| author | Ermelinda Meksi Ermelinda Xhaja (Gjika) |
| author_facet | Ermelinda Meksi Ermelinda Xhaja (Gjika) |
| author_sort | Ermelinda Meksi |
| collection | DOAJ |
| description | This paper aims to model the convergence of economic development of Albania within the Western Balkans and in the context of European integration aspirations of the region. The conclusion of this paper is that the Balkan countries have converged among themselves and toward European Union (EU). But the speed of the convergence is moderated with the hit of global crisis and the recovery still seems difficult to the rate of pre-crisis. As economies in transition that are attempting to converge with the European development stages, the economies of the Balkan countries have to go through structural evolutions that are similar among countries. The variables used in this study are the income per capita, growth rate, sector contribution to GDP growth and the added value per worker in agriculture. The data is measured for the period from 1995 to 2015 in order to establish a substantial data series for trend analysis and understanding if countries in the study are converging or diverging with EU in terms of their income and economies profile. The issue of the productivity and further specialization of their output by using their advantages in resources comes into question. |
| first_indexed | 2024-12-16T15:04:08Z |
| format | Article |
| id | doaj.art-cdf75fa053f54e929b1a0e7a4601963d |
| institution | Directory Open Access Journal |
| issn | 1824-2979 |
| language | English |
| last_indexed | 2024-12-16T15:04:08Z |
| publishDate | 2017-06-01 |
| publisher | Università Carlo Cattaneo LIUC |
| record_format | Article |
| series | The European Journal of Comparative Economics |
| spelling | doaj.art-cdf75fa053f54e929b1a0e7a4601963d2022-12-21T22:27:12ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792017-06-0114114115410.25428/1824-2979/201701-141-154Income and structural convergence of Western Balkans to European UnionErmelinda MeksiErmelinda Xhaja (Gjika)This paper aims to model the convergence of economic development of Albania within the Western Balkans and in the context of European integration aspirations of the region. The conclusion of this paper is that the Balkan countries have converged among themselves and toward European Union (EU). But the speed of the convergence is moderated with the hit of global crisis and the recovery still seems difficult to the rate of pre-crisis. As economies in transition that are attempting to converge with the European development stages, the economies of the Balkan countries have to go through structural evolutions that are similar among countries. The variables used in this study are the income per capita, growth rate, sector contribution to GDP growth and the added value per worker in agriculture. The data is measured for the period from 1995 to 2015 in order to establish a substantial data series for trend analysis and understanding if countries in the study are converging or diverging with EU in terms of their income and economies profile. The issue of the productivity and further specialization of their output by using their advantages in resources comes into question.http://ejce.liuc.it/18242979201701/182429792017140108.pdfeconomic convergenceeconomic growthstructural convergenceagricultureproductivity |
| spellingShingle | Ermelinda Meksi Ermelinda Xhaja (Gjika) Income and structural convergence of Western Balkans to European Union The European Journal of Comparative Economics economic convergence economic growth structural convergence agriculture productivity |
| title | Income and structural convergence of Western Balkans to European Union |
| title_full | Income and structural convergence of Western Balkans to European Union |
| title_fullStr | Income and structural convergence of Western Balkans to European Union |
| title_full_unstemmed | Income and structural convergence of Western Balkans to European Union |
| title_short | Income and structural convergence of Western Balkans to European Union |
| title_sort | income and structural convergence of western balkans to european union |
| topic | economic convergence economic growth structural convergence agriculture productivity |
| url | http://ejce.liuc.it/18242979201701/182429792017140108.pdf |
| work_keys_str_mv | AT ermelindameksi incomeandstructuralconvergenceofwesternbalkanstoeuropeanunion AT ermelindaxhajagjika incomeandstructuralconvergenceofwesternbalkanstoeuropeanunion |