scholarly journals Macroeconomic Imbalances and the Economic Convergence of the EU candidate countries

2016 ◽  
Vol 3 (10) ◽  
pp. 135
Author(s):  
Daniela Bobeva ◽  
Dimitar Zlatinov
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Economic Convergence ◽  
Slowing Down ◽  
Macroeconomic Imbalances ◽  
Eu Candidate Countries ◽  
Economic Developments ◽  
The Eu

The paper assesses the relevance of the EU Macroeconomic Imbalances Procedure scoreboard for the EU candidate countries. The calculation of the 14 indicators for a nine years period proves the recent economic crisis helped resolve some of the imbalances in the EU candidate countries but on the back of the slowing down the economic growth and convergence. The paper argues that MIP scoreboard fails to capture the specifics of economic developments of the caching up economies and cannot be used as a tool for assessing their readiness to join the EU.

scholarly journals Znaczenie Turcji dla gospodarki i bezpieczeństwa Unii Europejskiej

2018 ◽  
pp. 91-104
Author(s):  
Artur Pohl
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Crisis ◽  
21St Century ◽  
International Security ◽  
The European Union ◽  
Fast Growing ◽  
Security Enhancement ◽  
Growing Economy ◽  
The Eu

In the second decade of 21st century the European Union will have to face the economic crisis and a problem of its domestic and international security enhancement. In both cases, the Turkish access to the organization can be a cure for European problems. Fast-growing economy, with young, well-educated society as well as big market may be an impulse to the economic growth of the EU. Economic surroundings and geostrategic location of Turkey, with its strongand modern army, can positively affect the security of the organization.

scholarly journals The governance model of the U.S. and EU after the economic crisis?

2014 ◽  
Vol 11 (3) ◽  
pp. 317-320
Author(s):  
Gina Albu
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Government Spending ◽  
Global Economy ◽  
Development Model ◽  
Negative Consequences ◽  
Governance Model ◽  
The U.S ◽  
Over Time ◽  
The Eu

In this paper we have treated several fundamental issues underlying some issues about interventionism, governance and so on that come in actuality in this period of economic crisis. Over time the economic crisis that began in 2008 has had some negative consequences on the global economy. Moreover, many sparked controversy between the followers of Keynes and Friedman’s and not least between Obama’s policies envisaging growth and EU austerity policies that were aimed at reducing the deficit and debt. It is necessary that both the U.S. and the EU to rethink the development model and to improve governance in all aspects. Stiglitz and Krugman are some of the biggest proponents of interventionism and higher government spending. They also are trying to find solution for economic growth.

A new wave of the global debt crisis: the risks increase

2017 ◽  
pp. 81-95
Author(s):  
B. Kheyfets
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Acute Phase ◽  
Global Governance ◽  
Debt Crisis ◽  
New Wave ◽  
Debt Burden ◽  
The Usa ◽  
The Eu ◽  
Japan And China

Unlike the formally overcome global financial and economic crisis, which began in 2008, the global debt crisis, having passed an acute phase, continues. The article shows the features of the current global debt crisis and analyzes the main trends of its manifestation. The problems of the largest regions and countries with high debt burden - the EU, the USA, Japan, and China - are considered in detail. The main strategies worked out to overcome the current debt crisis have been singled out, and their positive and negative sides for stable economic growth have been assessed. The emerging prerequisites for aggravating the global debt crisis are shown. It is concluded that there is a need to attract more attention of the international community to debt problems, which should become one of the priority goals of global governance.

scholarly journals How Do Institutions Determine Economic Growth? Evidеnce from Central and Eastern Europe before and during Global Economic Crisis

2014 ◽  
Author(s):  
Trajko Slaveski ◽  
Darko Lazarov
Keyword(s):  
Economic Growth ◽  
Regression Model ◽  
Economic Crisis ◽  
Fixed Effects ◽  
Regression Models ◽  
Transition Period ◽  
Negative Influence ◽  
Global Economic Crisis ◽  
Dynamic Panel Regression ◽  
The Eu

We investigate the influence of institutions on economic growth and the level of income per capita in CEE region, before and during the global economic crisis. We use principal factor component analysis in order to create a more reliable and representative variable that will measure the institutional quality in our regression models, and avoid the multi colinearity, a common statistical weakness for this type of regression models. The results from panel (random and fixed effects) regressions and GMM dynamic panel regression lead to two contrasting insights. The first regression model shows positive and statistically significant correlation between institutions and economic growth, which would imply that the CEE countries that have created a strong institutional capacity during transition and post-transition period have experienced higher economic growth. The second regression model, which refers to the global economic crisis period, shows a negative influence of institutions on economic growth for the same sample of countries. One explanation for this result might be the fact that countries with a higher degree of integration into the EU were also more vulnerable to the global economic crisis.

scholarly journals Nominal, Structural and Real Convergence of the EU Candidate Countries’ Economies

2021 ◽  
Vol 10 (3) ◽  
pp. 59-78
Author(s):  
Daniela Bobeva
Keyword(s):  
Euro Area ◽  
Positive Relationship ◽  
Economic Convergence ◽  
Economic Cycle ◽  
The Real ◽  
Sectoral Structure ◽  
Current State ◽  
Real Convergence ◽  
Eu Candidate Countries ◽  
The Eu

Abstract Despite the significant academic interest in the economic cohesion, the various aspects of convergence and the ways they can be measured still remain theoretically unclear. These are issues of extreme political significance, especially for countries aspiring for EU and euro area membership. The goal of this paper is to consolidate a variety of theoretical views on the convergence and its measurement and use it as the basis to assess the progress and the current state of economic convergence to the EU of the four candidate countries. The interrelation between the three forms of convergence in the different phases of the economic cycle is studied and the slobs in the ways the convergence is measured are outlined. The study reveals large differences between the candidate countries in achieving convergence with the EU. Their experiences do not confirm the positive relationship between nominal and real convergence. The structural convergence considered as convergence of sectoral structure has but little impact on the real convergence.

scholarly journals Crisis and economic growth in the EU

2011 ◽  
Vol 61 (4) ◽  
pp. 465-485 ◽  
Author(s):  
P. Halmai ◽  
V. Vásáry
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Crisis ◽  
The European Union ◽  
Potential Growth ◽  
Structural Problem ◽  
Impact Mechanism ◽  
Long Term Trends ◽  
The Eu

The study analyses the impacts of the financial and economic crisis on potential growth in the European Union. It identifies the main channels of impact mechanism and carries out quantitative estimations in order to reveal the medium and long-term trends. According to over findings the impacts of the crisis are significantly different in the main country-groups of the EU. The basic structural problem of the EU is considered the decreasing trend in potential growth which might be further strengthened through the lasting consequences of the crisis.

scholarly journals The Economic Crisis in Europe and its Consequences

2015 ◽  
Vol 2 (1) ◽  
pp. 10
Author(s):  
Zaim Korsi ◽  
Dashurie Zenelhasani ◽  
Arzena Korsi
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Economic Situation ◽  
European Economic ◽  
Eu Countries ◽  
Good To Great ◽  
The World ◽  
High Standards ◽  
Economic Improvement ◽  
The Eu

European economic growth is one of the major influences on the progress of the economy in the countries included in it. It has been a stimulus for the development of these countries, thus adding their neighbors’ economic improvement of the country. The inclusion of these countries in economic growth has impacted pricing and the development of innovation and new in Europe technology. This thing helps in achieving the highest standards. Its coverage is an overwhelming contrast crisis that was reflected in the world in 2008.Duhet said that the effects of the crisis continue to be still visible in the livelihood of citizens and businesses.Edmund Phelps has proposed a rule on the establishment of high standards for the livelihood of citizens, in which specifies how many people have to work, conserve and invest today in order to be more sure which will be the future economy. This is called "Golden roles".But what are challenges that still confronts us economic crisis? How difficult it is now for businesses to apply the theory of Jim Collins, Good to Great?This article aims to reflect the economic situation in the EU countries, as well as laying economy recommendation that these countries will faced tomorrow. How difficult is to identify the companies that can make a Leap to develop their business? What are these difficulties? Is there a solution for them?

Die Europäische Union: eine neue Supermacht mit imperialen Ambitionen?

2005 ◽  
Vol 35 (139) ◽  
pp. 247-266 ◽  
Author(s):  
Hans-Jürgen Bieling
Keyword(s):  
World War Ii ◽  
Economic Crisis ◽  
Europäische Union ◽  
World War ◽  
Political Sovereignty ◽  
Military Conflicts ◽  
Imperial Power ◽  
International Role ◽  
Open Question ◽  
The Eu

Recent theoretical conceptions of imperialism may be useful correctives against idealising and harmonising views of international interdependency and co-operation. Analytically, however, they are not necessarily helpful. In terms of the EU, they do not really comprehend its particular international role. Despite improved financial and military capacities, the EU represents not yet an imperial power. Instead, it still pursues a rather hegemonic foreign policy approach due to internal economic restrictions, fragmented political sovereignty and the historical experiences of beneficial economic and political co-operation after World War II. Eventually, however, it remains an open question, whether the multilateralist, law-based and co-operative posture of the EU will prevail even under conditions of economic crisis and further military conflicts in the adjacent neighbourhood.

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