scholarly journals Macroeconomic Imbalances and the Economic Convergence of the EU Candidate Countries

2016 ◽  
Author(s):  
Daniela Nikolova Bobeva ◽  
Dimitar Zlatinov
Keyword(s):  
Economic Convergence ◽  
Macroeconomic Imbalances ◽  
Eu Candidate Countries ◽  
The Eu

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 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 Fiscal and Other Rules in EU Economic Governance: Helpful, Largely Irrelevant or Unenforceable?

2017 ◽  
Vol 239 ◽  
pp. R3-R13 ◽  
Author(s):  
Iain Begg
Keyword(s):  
Political Economy ◽  
Fiscal Rules ◽  
The Political ◽  
Stability And Growth Pact ◽  
Economic Governance ◽  
Eu Member States ◽  
Growth Pact ◽  
Macroeconomic Imbalances ◽  
Eu Economic Governance ◽  
The Eu

EU Member States, particularly in the Euro Area, have been pushed to adopt more extensive and intrusive fiscal rules, but what is the evidence that the rules are succeeding? The EU level Stability and Growth Pact (SGP) has been – and remains – the most visible rule-book, but it has been complemented by a profusion of national rules and by new provisions on other sources of macroeconomic imbalance. Much of the analysis of rules has concentrated on their technical merits, but tends to neglect the political economy of compliance. This paper examines the latter, looking at compliance with fiscal rules at EU and Member State levels and at the rules-based mechanisms for curbing other macroeconomic imbalances. It concludes that politically driven implementation and enforcement shortcomings have been given too little attention, putting at risk the integrity and effectiveness of the rules.

Croatia's political weaknesses will slow growth

2017 ◽  
Keyword(s):  
Economic Model ◽  
Slow Growth ◽  
Economic Convergence ◽  
Short Term ◽  
Content Type ◽  
The Third ◽  
Business Confidence ◽  
The Right ◽  
The Eu

Significance Inflation seems to have returned to the economy following three years of near-continual deflation. After years in the doldrums, the Croatian economy is finally experiencing respectable growth and various indicators are now pointing in the right direction. However, the recovery is based on short-term factors that cannot easily be sustained, and the foundations of the economy remain weak. Impacts The current spate of growth is helping to prop up a weak government and a socio-economic model to which many Croats are averse. Respectable growth has lifted business confidence in the third quarter to its highest level since 2009. Apparent economic convergence with the rest of the EU is reviving the question whether and when Croatia should adopt the euro.

Social dialogue in candidate countries: what for?

2003 ◽  
Vol 9 (1) ◽  
pp. 64-87 ◽  
Author(s):  
Maria Lado ◽  
Daniel Vaughan-Whitehead
Keyword(s):  
European Union ◽  
Social Policy ◽  
The Real ◽  
Social Dialogue ◽  
The Social ◽  
Social Partners ◽  
Dialogue Process ◽  
Eu Candidate Countries ◽  
The Eu

In their negotiations for accession to the EU, candidate countries have made important social policy commitments. These include the promotion of social dialogue up to EU standards and the application of the principles and values that prevail in this area. Accordingly, governments of candidate countries are trying to promote appropriate conditions for such social dialogue to take place, while social partners are reinforcing their structures to play their full role in the social dialogue process. Nevertheless, there has been little debate about the real objectives of social dialogue in the candidate countries. What is social dialogue for, what has it achieved so far, and why is it so important to develop it further? Who are expected to be the ultimate beneficiaries of social dialogue mechanisms and practices? What implications might current features of social dialogue in candidate countries have in the enlarged European Union? This article provides a first tentative assessment of the coverage of social dialogue - and thus of the effectiveness of social dialogue mechanisms - in the candidate countries.

scholarly journals Differences between Croatia and EU Candidate Countries: the CAGE Distance Framework

2015 ◽  
Vol 6 (2) ◽  
pp. 52-62 ◽  
Author(s):  
Helena Miloloža
Keyword(s):  
Empirical Support ◽  
Foreign Market ◽  
International Exchange ◽  
Foreign Markets ◽  
Systematic Analysis ◽  
Economic Dimension ◽  
Border Trade ◽  
Eu Candidate Countries ◽  
The Impact ◽  
The Eu

AbstractBackground:Nowadays, international cooperation is unevenly divided among countries. The decisive criteria imply cultural, administrative, geographical, and economical closeness among countries. Therefore, understanding such factors can significantly facilitate the performance of the company on foreign market.Objectives: The goal of this paper is to identify the fundamental differences between Croatia and the EU candidate countries through a comprehensive and systematic analysis of the determinants within the CAGE Distance Framework. This systematic analysis can significantly intensify Croatia’s international exchange and improve Croatia’s performance at important foreign markets.Methods/Approach:Research comprises original datasets on distance factors within CAGE distance framework. With cultural, administrative, geographic and economic data of Croatia and EU candidate countries, empirical support about the impact of distinctions on international exchange has been given.Results:Cultural and geographical similarities are particularly noticeable among Croatia and EU candidate countries, although there are also no significant differences in the administrative and the economic dimension. However, Turkey is the only country that somewhat differs in each segment.Conclusions:Similarities have significant influence on cross-border trade. With all present similarities and differences, cooperation among Croatia and the EU candidate countries has a perspective for development, especially at a time when all candidate countries join the EU.

Guilt, Sympathy, and Cooperation: EU—Baltic Relations in the Early 1990s

2008 ◽  
Vol 22 (2) ◽  
pp. 347-372 ◽  
Author(s):  
Ainius Lasas
Keyword(s):  
European Union ◽  
European Community ◽  
Economic Convergence ◽  
Collective Guilt ◽  
Critical Window ◽  
Parliamentary Elections ◽  
The Road ◽  
Eu Membership ◽  
On The Road ◽  
The Eu

The period between March 1990 and June 1993 represents the critical window for European Union (EU)—Baltic relations. During this time Estonia, Latvia, and Lithuania laid the foundation for future EU membership. For its part, the European community made a commitment to include the three republics in the process of enlargement. This paper traces the beginnings of EU—Baltic cooperation and examines factors that led to growing political and economic convergence. Nordic membership in the EU, ex-Soviet troop withdrawal, and Russian parliamentary elections were instrumental in bringing both sides together on the road to enlargement, but collective guilt provided the underlying rationale. In this paper, the author argues that it is impossible to understand fully this process of convergence without taking into account the connotations and consequences of the “black trinity”: the Munich pact, the Molotov-Ribbentrop pact, and the Yalta agreement.

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