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Structural Convergence in European Union

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Author(s): Lucian-Liviu Albu

Journal: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
ISSN 1844-7007

Volume: 4.II;
Issue: 4.II;
Start page: 1;
Date: 2012;
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Keywords: structural convergence | Lorenz curve | divergence

ABSTRACT
Estimating structural convergence is a relatively recent topic in specialised literature. Based on the Solow theory of economic growth by stages and on empirical data for European Union we estimated a model to simulate structural changes. Using a set of selected indicators, we analyse the convergence process in the period 2000-2011 at the EU level (EU-27), but also inside of Eastern group of countries (EU-10) and inside of Western group of countries (EU-15). As general conclusion, at the EU level a general tendency of structural convergence was demonstrated. However, between the two groups of countries, there were some different trends in matter of structural convergence.
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