An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency

The Convergence process that had characterized the history of the European economic integration started to reverse since the early stages of the project of monetary unification. In particular the process of economic convergence shifted from Southern European countries and regions to Eastern Europe....

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Detalles Bibliográficos
Autor: Bonanno, Filippo
Tipo de recurso: tesis doctoral
Fecha de publicación:2021
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/11424
Acceso en línea:https://hdl.handle.net/20.500.14352/11424
Access Level:acceso abierto
Palabra clave:330.34(4-6EU)(043.2)
Desarrollo económico
Países de la Unión Europea
Economic development
European Union countries
Unión Europea (Unión Europea)
5310.91 Economía Internacional: Area Europea
5307.03 Modelos y Teorías del desarrollo Económico
5307.04 Estudios del desarrollo Económico
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network_name_str España
repository_id_str
spelling An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currencyAnálisis empírico de los patrones de crecimiento y convergencia en la Unión Europea desde la introducción de la moneda únicaBonanno, Filippo330.34(4-6EU)(043.2)Desarrollo económicoPaíses de la Unión EuropeaEconomic developmentEuropean Union countriesUnión Europea (Unión Europea)Desarrollo económico5310.91 Economía Internacional: Area Europea5307.03 Modelos y Teorías del desarrollo Económico5307.04 Estudios del desarrollo EconómicoThe Convergence process that had characterized the history of the European economic integration started to reverse since the early stages of the project of monetary unification. In particular the process of economic convergence shifted from Southern European countries and regions to Eastern Europe. Therefor e during the last two decades Eastern European countries and regions have been reducing the gap with the richer regions while the income and productivity gaps between the “Western” members of the EMU widened. This thesis has the general objective to empirically analyse and explain the evolution of the process of convergence in the European Union since the introduction of the single currency from different economic perspectives. Through the application of different econometrics techniques I will in dividuate three relevant economic “forces” that contributed to the emergence a bifurcated path of convergence in income per capita and labour productivity the European Union.The first “force” is directly linked to the adoption of the single currency that entailed too stringent fiscal rules for countries that opted to join the club. Some peripheral countries resulted particularly penalized by these fiscal rules that were also applied after 2008 in spite of the outbreak of the Global Financial crisis...Universidad Complutense de MadridMyro Sánchez, RafaelUniversidad Complutense de Madrid20212021-04-0720212021-04-07doctoral thesishttp://purl.org/coar/resource_type/c_db06info:eu-repo/semantics/doctoralThesisapplication/pdfhttps://hdl.handle.net/20.500.14352/11424reponame:Docta Complutenseinstname:Universidad Complutense de Madrid (UCM)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:docta.ucm.es:20.500.14352/114242026-06-02T12:44:21Z
dc.title.none.fl_str_mv An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
Análisis empírico de los patrones de crecimiento y convergencia en la Unión Europea desde la introducción de la moneda única
title An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
spellingShingle An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
Bonanno, Filippo
330.34(4-6EU)(043.2)
Desarrollo económico
Países de la Unión Europea
Economic development
European Union countries
Unión Europea (Unión Europea)
Desarrollo económico
5310.91 Economía Internacional: Area Europea
5307.03 Modelos y Teorías del desarrollo Económico
5307.04 Estudios del desarrollo Económico
title_short An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
title_full An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
title_fullStr An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
title_full_unstemmed An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
title_sort An empirical analysis of the patterns of growth and convergence in the European Union since the introduction of the single currency
dc.creator.none.fl_str_mv Bonanno, Filippo
author Bonanno, Filippo
author_facet Bonanno, Filippo
author_role author
dc.contributor.none.fl_str_mv Myro Sánchez, Rafael
Universidad Complutense de Madrid
dc.subject.none.fl_str_mv 330.34(4-6EU)(043.2)
Desarrollo económico
Países de la Unión Europea
Economic development
European Union countries
Unión Europea (Unión Europea)
Desarrollo económico
5310.91 Economía Internacional: Area Europea
5307.03 Modelos y Teorías del desarrollo Económico
5307.04 Estudios del desarrollo Económico
topic 330.34(4-6EU)(043.2)
Desarrollo económico
Países de la Unión Europea
Economic development
European Union countries
Unión Europea (Unión Europea)
Desarrollo económico
5310.91 Economía Internacional: Area Europea
5307.03 Modelos y Teorías del desarrollo Económico
5307.04 Estudios del desarrollo Económico
description The Convergence process that had characterized the history of the European economic integration started to reverse since the early stages of the project of monetary unification. In particular the process of economic convergence shifted from Southern European countries and regions to Eastern Europe. Therefor e during the last two decades Eastern European countries and regions have been reducing the gap with the richer regions while the income and productivity gaps between the “Western” members of the EMU widened. This thesis has the general objective to empirically analyse and explain the evolution of the process of convergence in the European Union since the introduction of the single currency from different economic perspectives. Through the application of different econometrics techniques I will in dividuate three relevant economic “forces” that contributed to the emergence a bifurcated path of convergence in income per capita and labour productivity the European Union.The first “force” is directly linked to the adoption of the single currency that entailed too stringent fiscal rules for countries that opted to join the club. Some peripheral countries resulted particularly penalized by these fiscal rules that were also applied after 2008 in spite of the outbreak of the Global Financial crisis...
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-04-07
2021
2021-04-07
dc.type.none.fl_str_mv doctoral thesis
http://purl.org/coar/resource_type/c_db06
dc.type.openaire.fl_str_mv info:eu-repo/semantics/doctoralThesis
format doctoralThesis
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.14352/11424
url https://hdl.handle.net/20.500.14352/11424
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad Complutense de Madrid
publisher.none.fl_str_mv Universidad Complutense de Madrid
dc.source.none.fl_str_mv reponame:Docta Complutense
instname:Universidad Complutense de Madrid (UCM)
instname_str Universidad Complutense de Madrid (UCM)
reponame_str Docta Complutense
collection Docta Complutense
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300719

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