REAL CONVERGENCE IN ROMANIA AND THE REGIONS OF DEVELOPMENT
Autor (i): DĂNILĂ Maria Laura, CISMAŞ Laura Mariana
JEL: E66
Cuvinte cheie: real convergence, nominal convergence, GDP per capita, economic development
Abstract:
Romania has made considerable progress in the economic transition and integration in the European Union during the last decades. Over the last years, Romania has managed to meet the nominal criteria imposed by the Maastricht Treaty. In this context, the next step would be entering the Euro Area. The Euro objective continues to be debated by economics and academics questioning whether our economy is ready, or the right moment. There were several deadlines estimated and finally they were all postponed. The new estimated deadline is 2024, and a National Commission has been established with the main purpose of creating a National Plan for the Euro-zone Accession. In this context, the challenges of real convergence will be relevant at least on medium term. The present paper intends to analyse real convergence along with regional development in Romania, and find a possible answer to the question where do we really stand. The paper will be based on desk research by using data provided by EUROSTAT, the National Bank of Romania and the National Institute of Statistics from Romania.
Romania has made considerable progress in the economic transition and integration in the European Union during the last decades. Over the last years, Romania has managed to meet the nominal criteria imposed by the Maastricht Treaty. In this context, the next step would be entering the Euro Area. The Euro objective continues to be debated by economics and academics questioning whether our economy is ready, or the right moment. There were several deadlines estimated and finally they were all postponed. The new estimated deadline is 2024, and a National Commission has been established with the main purpose of creating a National Plan for the Euro-zone Accession. In this context, the challenges of real convergence will be relevant at least on medium term. The present paper intends to analyse real convergence along with regional development in Romania, and find a possible answer to the question where do we really stand. The paper will be based on desk research by using data provided by EUROSTAT, the National Bank of Romania and the National Institute of Statistics from Romania.
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