Nominal Convergence in the New EU Member States: Comparative Analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F19%3A00006903" target="_blank" >RIV/46747885:24310/19:00006903 - isvavai.cz</a>
Result on the web
<a href="http://lef.tul.cz/proceedings.html" target="_blank" >http://lef.tul.cz/proceedings.html</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Nominal Convergence in the New EU Member States: Comparative Analysis
Original language description
The article deals with nominal convergence in the new member states of the European Union. Nominal convergence is quite frequent topic, however, there is no uniform definition and therefore, its development can be researched through many approaches. Although the Maastricht Criteria express the official attitude of the European Union to nominal convergence, a large number of economists research this economic phenomenon through price levels in a narrow concept or through all nominal variables in a broader concept. The article analyses nominal convergence in the European Union in a narrow concept through researching comparative price levels. It focuses on ten new member states that joined the EU in 2004. Within this group of states, seven of them have already accepted the euro and are members of the eurozone, while the rest is still using their own national currencies. The aim of the article is to find out whether there is a different development of the nominal convergence in states using euro compared to development in states using their own currencies. The development of comparative price levels, the main indicator of the nominal convergence in a narrow concept, is analysed based on data from 2006 to 2017 through regression analysis and a coefficient of variation.
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
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 14th International Conference Liberec Economic Forum 2019
ISBN
978-80-7494-482-6
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
172-179
Publisher name
Technical University of Liberec
Place of publication
Liberec, Czech Republic
Event location
Liberec
Event date
Jan 1, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000540987200017

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