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Economic Convergence and Divergence in Europe
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Economic Convergence and Divergence in Europe

Growth and Regional Development in an Enlarged European Union

9781843762416 Edward Elgar Publishing
Edited by Gertrude Tumpel-Gugerell, Austrian Institute of Economic Research and Peter Mooslechner, formerly Oesterreichische Nationalbank, Austria
Publication Date: 2003 ISBN: 978 1 84376 241 6 Extent: 496 pp
This highly topical book addresses the challenge of economic convergence within Europe, beginning with a thorough review of the theory of growth and related empirical research. Historical and more recent economic developments within the present EU and current accession countries are discussed, along with the design for the process of further integration of accession countries into the EU and the Euro area. Moreover, the potential to achieve a sustainable catch-up process in Western Balkan countries, the Ukraine and Russia is explored, focusing on the task facing the EU in designing proper policies vis-à-vis these countries. The contributors’ varied perspectives ensure that the theories and policies postulated are linked closely with the actual situation in accession countries and offer up-to-date insights.

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This highly topical book addresses the challenge of economic convergence within Europe, beginning with a thorough review of the theory of growth and related empirical research. Historical and more recent economic developments within the present EU and current accession countries are discussed, along with the design for the process of further integration of accession countries into the EU and the Euro area. Moreover, the potential to achieve a sustainable catch-up process in Western Balkan countries, the Ukraine and Russia is explored, focusing on the task facing the EU in designing proper policies vis-à-vis these countries. The contributors’ varied perspectives ensure that the theories and policies postulated are linked closely with the actual situation in accession countries and offer up-to-date insights.

Economic Convergence and Divergence in Europe will be of interest to economists and researchers of regional and European studies, particularly those with a focus on integration. Its accessible and non-technical approach assures its appeal to experts from the banking and governmental sectors.
Critical Acclaim
‘This book comprehensively addresses current trends in economic growth in Europe and emphasises theoretical perspectives. . . the book is topical, provides with better understanding of the issues, and will certainly attract, and is useful for academics, as well as students and practitioners of European issues, economists and economic geographers.’
– Nino Javakhishvili, Regions

‘. . . essential reading for analysts interested in the evolution of convergence trends in Europe and provides a fascinating insight into the enlargement venture.’
– Konstantinos A. Melachroinos, Progress in Human Geography

‘Set in the context of the launch of the euro and eastward enlargement of the EU, the ambitious scope of the book includes economic convergence with respect to theory, historical trends, recent national and regional disparities, factors such as monetary and exchange policy and the role of the financial sector, issues for accession and nonaccession countries and the role of policy. . . The editors have produced a readable, informative, and interesting book, which should promote better understanding of convergence in an enlarged EU and closer cooperation between regional and monetary policymakers and researchers.’
– John Bachtler, Journal of Regional Science
Contributors
Contributors: J. Batt, I.T. Berend, J. Bisignano, J. Borowski, V. Cal, A. Capek, H. Clement, J. Crespo-Cuaresma, U. Cufer, M.A. Dimitz, P. Durjasz, J. Fidrmuc, A. de la Fuente, J. Gács, V. Gaspar, V. Gligorov, S. Gomulka, I. Hamecz, Á. Horváth, J. Konings, I. Korhonen, K. Liebscher, F.P. Mongelli, P. Mooslechner, A. Mullineux, V. Murinde, M. Nemec, K.-H. Paqué, T. Reininger, D. Ritzberger-Grünwald, R. Römisch, M. Ross, X. Sala-i-Martin, F. Schardax, M. Steiner, M. Summer, G. Tumpel-Gugerell, T. Zumer
Contents
Contents: Preface Introduction: Welcome Remarks from the 2001 Conference Part I: Introductory Session Part II: Past Convergence within the European Union Part III: Accession Countries: Achievements in Real Convergence Part IV: Accession Countries: How to Balance Real and Nominal Convergence? Challenges for Monetary and Exchange Rate Policy Part V: Does the Financial Sector Contribute to Real Growth? Part VI: Is There Somebody Left Out in the Cold? Prospects of CEE Countries Other Than Current Accession Countries Part VII: Policy Challenges within the (Enlarged) EU: How to Foster Economic Convergence Index

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