Divergent real economies in Europe

In this paper, the well-known convergence programs, implemented by the EU member-states, are closely evaluated. Using descriptive statistical analysis and the changes in the real exchange rates as analytical cornerstone, the paper focuses on the economic performance of the member-states since the accord (Dec. 1991) and the ratification (Febr. 1992) of the Maastricht Treaty. Changes in the trade balance, industrial production, rates of unemployment, inflation and interest rates (short-term and long-term) are used as criteria of success both in real and nominal terms. The statistical outcomes are compared with the ones found in similar research done by R

Economics · Economy · European integration · European union · Exchange rate · Inflation (cosmology · International economics · Maastricht Treaty · Macroeconomics · Member state · Member states · Unemployment · Unemployment rate · Regional Development and Policy

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