Real convergence in the European Union: an empirical analysis
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Peter Lang
1997
|
| Schriftenreihe: | Schriften zur Wirtschaftstheorie und Wirtschaftspolitik
Band 8 |
| Schlagworte: | |
| Online-Zugang: | Volltext Inhaltsverzeichnis |
| Beschreibung: | 171 Seiten Diagramme |
| ISBN: | 3631321228 0820435007 |
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| 245 | 1 | 0 | |a Real convergence in the European Union |b an empirical analysis |c Christian Schmidt |
| 264 | 1 | |a Frankfurt am Main |b Peter Lang |c 1997 | |
| 300 | |a 171 Seiten |b Diagramme | ||
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| 502 | |b Dissertation |c Universität der Bundeswehr Hamburg |d 1997 | ||
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Datensatz im Suchindex
| _version_ | 1820195016976367616 |
|---|---|
| adam_text |
7
1. Introduction 9
2.The transition to European Monetary Union
2.1. Introduction 15
2.2. The design of the transition process towards European Monetary Union. 16
2.3. A critical assessment of the Maastricht Treaty's convergence criteria 20
2.3.1. Monetary convergence 20
2.3.2 Fiscal convergence 27
2.4. Convergence criteria and economic theory 35
2.5. Reconsidering the transition process 39
2.6. Concluding remarks 47
Endnotes 50
3. Optimum currency areas: one or many in Europe? 53
3.1. Introduction 53
3.2. Review of empirical evidence on Optimum currency areas 54
3.3 A stylized model 57
3.4. Statistical analysis 60
3.4.1. Stochastic properties of Output and unemployment 60
3.4.1.1. Unit root tests 61
3.4.1.2. Granger causality tests 62
3.4.1.3. Tests for cointegration 63
3.4.2. Structural VAR analysis 66
3.4.2.1. Methodology 66
3.4.2.2. Impulse response functions 67
3.5. Economic Interpretation 78
3.5.1. Demand and supply shocks 78
3.5.2. Symmetry and asymmetry of shocks in Europe and North America.80
3.6. Concluding remarks 81
Endnotes 82
4. Technology, convergence and growth in the European Union 85
4.1. Introduction 85
4.2. Theoretical background 88
4.2.1. Catching up and falling behind 89
8
4.2.2. The neoclassical approach 90
4.2.3. Endogenous growth 92
4.3. Convergence concepts 93
4.3.1. Definitions of convergence 94
4.3.2. Empirical concepts of convergence 95
4.4. Review of the empirical literature 97
4.4.1. Catching up and falling behind 97
4.4.2. Conditional convergence 100
4.4.3. Stochastic and local convergence 104
4.4.4. Income distribution dynamics 106
4.4.5. Growth and convergence across Europe 107
4.5. On stability of growth and convergence in the European Union 110
4.5.1. Stylized facts 110
4.5.2. The stability of relative output 112
4.5.3. (T convergence 113
4.5.4. Income distribution dynamics 116
4.6. A stylized growth model 120
4.7. Econometric analysis 124
4.7.1. Model specification 124
4.7.2. Econometric methodology 126
4.7.3. Estimation results 127
4.7.4. Economic interpretation 132
4.8. Concluding remarks 135
Appendix to Chapter 4 137
1. Derivation of convergence equation 137
2. Dynamic stability 141
Endnotes 142
5. Conclusions and policy implications 145
5.1. Conclusions 146
5.2. Implications for European monetary integration 148
References 153 |
| any_adam_object | 1 |
| author | Schmidt, Christian |
| author_facet | Schmidt, Christian |
| author_role | aut |
| author_sort | Schmidt, Christian |
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| building | Verbundindex |
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| callnumber-raw | HG925.S357 1997 |
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| dewey-search | 332.494 |
| dewey-sort | 3332.494 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| owner | DE-522 DE-12 DE-210 DE-521 DE-1102 DE-1046 DE-1028 DE-1050 DE-573 DE-M347 DE-92 DE-1051 DE-898 DE-BY-UBR DE-859 DE-860 DE-1049 DE-188 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-Re13 DE-BY-UBR DE-Y3 DE-255 DE-Y7 DE-Y2 DE-70 DE-2174 DE-127 DE-22 DE-BY-UBG DE-155 DE-BY-UBR DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 |
| owner_facet | DE-522 DE-12 DE-210 DE-521 DE-1102 DE-1046 DE-1028 DE-1050 DE-573 DE-M347 DE-92 DE-1051 DE-898 DE-BY-UBR DE-859 DE-860 DE-1049 DE-188 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-Re13 DE-BY-UBR DE-Y3 DE-255 DE-Y7 DE-Y2 DE-70 DE-2174 DE-127 DE-22 DE-BY-UBG DE-155 DE-BY-UBR DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 |
| physical | 171 Seiten Diagramme |
| psigel | ZDB-94-OAB |
| publishDate | 1997 |
| publishDateSearch | 1997 |
| publishDateSort | 1997 |
| publisher | Peter Lang |
| record_format | marc |
| series | Schriften zur Wirtschaftstheorie und Wirtschaftspolitik |
| series2 | Schriften zur Wirtschaftstheorie und Wirtschaftspolitik |
| spellingShingle | Schmidt, Christian Real convergence in the European Union an empirical analysis Schriften zur Wirtschaftstheorie und Wirtschaftspolitik Europäische Union (DE-588)5098525-5 gnd Convergentie (economie) gtt EMU gtt Economische integratie gtt Politique monétaire - Pays de l'Union européenne ram Unions monétaires ram Ökonometrisches Modell Monetary policy -- European Union countries Monetary unions -- European Union countries Wirtschaftsentwicklung (DE-588)4066438-7 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd Konvergenz (DE-588)4032326-2 gnd Wirtschafts- und Währungsunion (DE-588)4309802-2 gnd Währungsunion (DE-588)4188829-7 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4066438-7 (DE-588)4170174-4 (DE-588)4032326-2 (DE-588)4309802-2 (DE-588)4188829-7 (DE-588)4043212-9 (DE-588)4113937-9 |
| title | Real convergence in the European Union an empirical analysis |
| title_auth | Real convergence in the European Union an empirical analysis |
| title_exact_search | Real convergence in the European Union an empirical analysis |
| title_full | Real convergence in the European Union an empirical analysis Christian Schmidt |
| title_fullStr | Real convergence in the European Union an empirical analysis Christian Schmidt |
| title_full_unstemmed | Real convergence in the European Union an empirical analysis Christian Schmidt |
| title_short | Real convergence in the European Union |
| title_sort | real convergence in the european union an empirical analysis |
| title_sub | an empirical analysis |
| topic | Europäische Union (DE-588)5098525-5 gnd Convergentie (economie) gtt EMU gtt Economische integratie gtt Politique monétaire - Pays de l'Union européenne ram Unions monétaires ram Ökonometrisches Modell Monetary policy -- European Union countries Monetary unions -- European Union countries Wirtschaftsentwicklung (DE-588)4066438-7 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd Konvergenz (DE-588)4032326-2 gnd Wirtschafts- und Währungsunion (DE-588)4309802-2 gnd Währungsunion (DE-588)4188829-7 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd |
| topic_facet | Europäische Union Convergentie (economie) EMU Economische integratie Politique monétaire - Pays de l'Union européenne Unions monétaires Ökonometrisches Modell Monetary policy -- European Union countries Monetary unions -- European Union countries Wirtschaftsentwicklung Mitgliedsstaaten Konvergenz Wirtschafts- und Währungsunion Währungsunion Pays de l'Union européenne - Intégration économique - Modèles économétriques Europäische Union. Mitgliedsstaaten European Union countries -- Economic integration -- Econometric models Hochschulschrift |
| url | https://www.doabooks.org/doab?func=fulltext&uiLanguage=en&rid=30852 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007763896&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV011419771 |
| work_keys_str_mv | AT schmidtchristian realconvergenceintheeuropeanunionanempiricalanalysis |