How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union
Autor(a) principal: | |
---|---|
Data de Publicação: | 2005 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/1822/6853 |
Resumo: | The European Central Bank (ECB) monetary policy has been criticised for giving more attention to price stabilisation in Europe rather than encouraging higher growth and employment. It is now largely accepted that the Maastricht norms reinforced by the Stability Pact have imposed serious macroeconomic constraints on economic performance by not taking into account specific problems of the individual economies. An interesting issue to examine is how the Maastricht obligations and the Stability Pact restrictions have affected the process of real convergence between the European economies in the last two decades. The purpose of this paper is to test for convergence in living standards, productivity, investment and unemployment among the European countries. From this analysis and using panel data estimation techniques, it is possible to detect any significant influence (favourable or not) of the Maastricht rules on real convergence. |
id |
RCAP_629ca416315c55845756a21df45e6351 |
---|---|
oai_identifier_str |
oai:repositorium.sdum.uminho.pt:1822/6853 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European UnionMaastricht criteriaStability and growth pactSigma convergenceAbsolute and conditional convergencePanel data regressionsThe European Central Bank (ECB) monetary policy has been criticised for giving more attention to price stabilisation in Europe rather than encouraging higher growth and employment. It is now largely accepted that the Maastricht norms reinforced by the Stability Pact have imposed serious macroeconomic constraints on economic performance by not taking into account specific problems of the individual economies. An interesting issue to examine is how the Maastricht obligations and the Stability Pact restrictions have affected the process of real convergence between the European economies in the last two decades. The purpose of this paper is to test for convergence in living standards, productivity, investment and unemployment among the European countries. From this analysis and using panel data estimation techniques, it is possible to detect any significant influence (favourable or not) of the Maastricht rules on real convergence.Elsevier Inc.Universidade do MinhoSoukiazis, EliasCastro, Vítor2005-042005-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/6853eng"Journal of Policy Modeling". ISSN 0161-8938. 27:3 (2005) 385-399.0161-8938http://www.sciencedirect.com/science/journal/01618938info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:11:06Zoai:repositorium.sdum.uminho.pt:1822/6853Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:02:49.222638Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
title |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
spellingShingle |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union Soukiazis, Elias Maastricht criteria Stability and growth pact Sigma convergence Absolute and conditional convergence Panel data regressions |
title_short |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
title_full |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
title_fullStr |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
title_full_unstemmed |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
title_sort |
How the Maastricht criteria and the stability and growth pact affected real convergence in the European Union |
author |
Soukiazis, Elias |
author_facet |
Soukiazis, Elias Castro, Vítor |
author_role |
author |
author2 |
Castro, Vítor |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Soukiazis, Elias Castro, Vítor |
dc.subject.por.fl_str_mv |
Maastricht criteria Stability and growth pact Sigma convergence Absolute and conditional convergence Panel data regressions |
topic |
Maastricht criteria Stability and growth pact Sigma convergence Absolute and conditional convergence Panel data regressions |
description |
The European Central Bank (ECB) monetary policy has been criticised for giving more attention to price stabilisation in Europe rather than encouraging higher growth and employment. It is now largely accepted that the Maastricht norms reinforced by the Stability Pact have imposed serious macroeconomic constraints on economic performance by not taking into account specific problems of the individual economies. An interesting issue to examine is how the Maastricht obligations and the Stability Pact restrictions have affected the process of real convergence between the European economies in the last two decades. The purpose of this paper is to test for convergence in living standards, productivity, investment and unemployment among the European countries. From this analysis and using panel data estimation techniques, it is possible to detect any significant influence (favourable or not) of the Maastricht rules on real convergence. |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005-04 2005-04-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/1822/6853 |
url |
http://hdl.handle.net/1822/6853 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
"Journal of Policy Modeling". ISSN 0161-8938. 27:3 (2005) 385-399. 0161-8938 http://www.sciencedirect.com/science/journal/01618938 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier Inc. |
publisher.none.fl_str_mv |
Elsevier Inc. |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799132431989604352 |