Romania in the Context of Globalization, Regionalization and Convergence
The economic convergence is an instrument of harmonization in areas with high degree of economic integration. For Romania, it is important to know the degree of fulfillment of the convergence criteria and the impact of the policies which sustain their achievement, because few studies had as object t...
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| Format: | Article |
| Language: | English |
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European Institute of Romania
2007-04-01
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| Series: | Romanian Journal of European Affairs |
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| Online Access: | https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol7_No1_Romania_in_the_Context_of_Globalization_Regionalization_and_Convergence.pdf |
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| _version_ | 1850087872120487936 |
|---|---|
| author | Elena Pelinescu |
| author_facet | Elena Pelinescu |
| author_sort | Elena Pelinescu |
| collection | DOAJ |
| description | The economic convergence is an instrument of harmonization in areas with high degree of economic integration. For Romania, it is important to know the degree of fulfillment of the convergence criteria and the impact of the policies which sustain their achievement, because few studies had as object the analysis of the degree of fulfillment in countries like Romania and Bulgaria, which were included in the latest EU extension wave. We use different methods in order to show the cointegration process and the results. The techniques applied to the statistical data regarding the nominal convergence (the consolidated budget deficit as a share of GDP, the share of public debt in GDP, the rate of inflation, the interest rate and the exchange rate) have revealed some results which appear in others studies too, namely that Romania integrates in the fixed target Maastricht criteria (the budget deficit as a share of GDP, the share of public debt in GDP) and follows a pattern of convergence for the other criteria. |
| format | Article |
| id | doaj-art-fb707941cbfb4b2ab3c1cf56b612ab30 |
| institution | DOAJ |
| issn | 1582-8271 1841-4273 |
| language | English |
| publishDate | 2007-04-01 |
| publisher | European Institute of Romania |
| record_format | Article |
| series | Romanian Journal of European Affairs |
| spelling | doaj-art-fb707941cbfb4b2ab3c1cf56b612ab302025-08-20T02:43:09ZengEuropean Institute of RomaniaRomanian Journal of European Affairs1582-82711841-42732007-04-01715776Romania in the Context of Globalization, Regionalization and ConvergenceElena Pelinescu0Ph.D. in Economics, is a Senior researcher in the Institute for Economic Forecasting, Romanian Academy, Bucharest, RomaniaThe economic convergence is an instrument of harmonization in areas with high degree of economic integration. For Romania, it is important to know the degree of fulfillment of the convergence criteria and the impact of the policies which sustain their achievement, because few studies had as object the analysis of the degree of fulfillment in countries like Romania and Bulgaria, which were included in the latest EU extension wave. We use different methods in order to show the cointegration process and the results. The techniques applied to the statistical data regarding the nominal convergence (the consolidated budget deficit as a share of GDP, the share of public debt in GDP, the rate of inflation, the interest rate and the exchange rate) have revealed some results which appear in others studies too, namely that Romania integrates in the fixed target Maastricht criteria (the budget deficit as a share of GDP, the share of public debt in GDP) and follows a pattern of convergence for the other criteria.https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol7_No1_Romania_in_the_Context_of_Globalization_Regionalization_and_Convergence.pdfregionalizationconvergenceintegrationromania |
| spellingShingle | Elena Pelinescu Romania in the Context of Globalization, Regionalization and Convergence Romanian Journal of European Affairs regionalization convergence integration romania |
| title | Romania in the Context of Globalization, Regionalization and Convergence |
| title_full | Romania in the Context of Globalization, Regionalization and Convergence |
| title_fullStr | Romania in the Context of Globalization, Regionalization and Convergence |
| title_full_unstemmed | Romania in the Context of Globalization, Regionalization and Convergence |
| title_short | Romania in the Context of Globalization, Regionalization and Convergence |
| title_sort | romania in the context of globalization regionalization and convergence |
| topic | regionalization convergence integration romania |
| url | https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol7_No1_Romania_in_the_Context_of_Globalization_Regionalization_and_Convergence.pdf |
| work_keys_str_mv | AT elenapelinescu romaniainthecontextofglobalizationregionalizationandconvergence |