Convergence in the EU: forging sustainable growth: the issue of convergence of preferences and institutions in EMU

Annette Bongardt*, Francisco Torres

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

Abstract

The EU has long viewed economic and institutional convergence as important goals, but the results thus far have been decidedly mixed, and there remain several open questions: How exactly should convergence be defined? How much convergence is necessary? What steps can be taken to improve convergence in the EU, and how can success be defined? Finally, how much convergence can be achieved by improving the economic performance in underperforming regions, and how can convergence in the form of harmonisation towards lower welfare levels be avoided?
Original languageEnglish
Pages (from-to)72-77
Number of pages6
JournalIntereconomics
Volume48
Issue number2
DOIs
Publication statusPublished - Mar 2013
Externally publishedYes

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