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Measuring Economic Convergence
International Journal of Finance & Economics, 1997The sustainability of the ERM and the feasibility of EMU is dependent upon the economies of the EC achieving the appropriate degree of economic convergence. One of the difficulties in determining this is the absence of a broadly acceptable measure of economic convergence. In this paper we consider possible definitions of convergence for time series. To
S.G. Hall, D. Robertson, M.R. Wickens
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The future of economic convergence [PDF]
The question addressed in this paper is whether the gap in performance between the developed and developing worlds can continue, and in particular, whether developing nations can sustain the rapid growth they have experienced of late. The good news is that growth in the developing world should depend not on growth in the advanced economies themselves ...
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Current History, 2014
Multitudes are escaping poverty in developing nations while rich economies stagnate.
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Multitudes are escaping poverty in developing nations while rich economies stagnate.
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ECONOMIC CONVERGENCE VS. SOCIO-ECONOMIC CONVERGENCE IN SPACE [PDF]
This paper aims to present a new analysis framework for assessing disparities among regions (or countries). It combines both economic and social variables, where the economic attributes refer in particular to marked differences in consumption variables. This analysis is also appealing for spatial convergence analyses over time.
CUFFARO, Miranda +2 more
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Globalization and Economic Convergence
Competition & Change, 1997Convergence among national economies is viewed by a growing number of observers as an inevitable result of increasing global integration of product and financial markets. Yet there is reason to doubt that globalization has yet brought about, or will in the future bring about, the degree of convergence assumed by some.
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Enforcing convergence in nonlinear economic MPC
IEEE Conference on Decision and Control and European Control Conference, 2011This papers proposes new ways to enforce convergence to equilibria for Economic Model Predictive Control schemes. Economic Model Predictive Control is a control technique capable of optimizing an economic performance index while enforcing state and input constraints. For nonlinear systems and/or non-convex cost functionals, performance optimization may
Angeli, David +2 more
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Real Economic Convergence [PDF]
Real convergence is an essential objective of Romaniaâ s integration into the EU. Bridging the development gaps between Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause divergence and polarization. For this purpose, special tools and mechanisms are required; e.g., cohesion. The
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Economic Convergence and Monetary Union
1993The Maastricht Treaty has acknowledged, and translated into precise criteria and indicators, the need for increased economic convergence to enter the final phase of Economic and Monetary Union (EMU). In this paper, we examine the improvement in the process of economic convergence since the creation of the EMS in 1979 and until mid-1992, as well as the ...
Francesco Papadia, Ciro Schioppa
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Economic Freedom and Institutional Convergence [PDF]
Francis Fukuyama argues that liberal democracy is the final form of human government and will become more and more prevalent in the long term. If this prediction is true, countries should converge in their political and economic systems toward liberal democracy, a form of institutional convergence. In this paper, we examine whether there is convergence
Elert, Niklas, Halvardsson, Daniel
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