Nominal Convergence in the European Union

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F15%3A00002957" target="_blank" >RIV/46747885:24310/15:00002957 - isvavai.cz</a>
Result on the web
<a href="http://www.lef-tul.cz/sekce/LEF_2015.pdf" target="_blank" >http://www.lef-tul.cz/sekce/LEF_2015.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Nominal Convergence in the European Union
Original language description
The paper deals with the process of economic convergence in the European Union. Depending on researched indicators, convergence is divided into nominal and real convergence. The aim of this paper is to analyze the nominal convergence in the European Union through the most used indicator that is comparative price level. Nominal convergence is connected with real convergence and both processes, changes in economic level and price level, occur simultaneously. By using simple regression analysis (linear model), the relationship between real and nominal convergence, was tested. Results showed that the correlation between researched indicators, i.e. gross domestic product per capita in PPS and comparative price level, is very tight. Countries with low economic level have low price level and on the contrary, countries with high economic level have high price level. The price level of the Czech Republic is, in comparison to the price level of the European Union, lower than would be appropriate
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 12 th International Conference Liberec Economic Forum 2015
ISBN
978-80-7494-225-9
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
29-35
Publisher name
Technical university of Liberec
Place of publication
Liberec
Event location
Liberec
Event date
Jan 1, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000365053000003

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