Book Details

Convergence or Divergence in Europe?

Publish Date: 2006

ISBN: 978-3-540-32611-3

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The book analyses the latest developments in three largest European economies in a broad perspective, using modern econometric techniques. One of the conclusions is that, while business cycles are more strongly correlated across the three countries, as evidenced by the common reaction to the 2001 slowdown, the three countries still exhibit differences in terms of long term growth.

Subject: Business and Economics, Asymmetries, Business Cycles, Euro, Euro area, Potential Growth, growth