ECONOMIC DEVELOPMENT AND CONVERGENCE IN ROMANIA

 
Autor (i): Elena-Raluca, Moisescu (Duican)
 
JEL: F63, O47
 
Cuvinte cheie: economic development, convergence, real convergence, nominal convergence
 
Abstract:

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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