Macroeconomic Imbalances and the Economic Convergence of the EU Candidate Countries

20 Pages Posted: 11 Aug 2016 Last revised: 14 Sep 2021

See all articles by Daniela Bobeva

Daniela Bobeva

Bulgarian Academy of Sciences - Economic Research Institute

Dimitar Zlatinov

Sofia University St. Kliment Ohridski

Date Written: August 5, 2016

Abstract

The paper assesses the relevance of the EU Macroeconomic Imbalances Procedure scoreboard for the EU candidate countries. The calculation of the 14 indicators for a nine years period proves the recent economic crisis helped resolve some of the imbalances in the EU candidate countries but on the back of the slowing down the economic growth and convergence. The paper argues that MIP scoreboard fails to capture the specifics of economic developments of the caching up economies and cannot be used as a tool for assessing their readiness to join the EU.

Keywords: Economic growth, Macroeconomic Imbalances, Macroeconomic Imbalances Procedure scoreboard, convergence, EU candidate countries, remittances

JEL Classification: E61, E66, H12

Suggested Citation

Bobeva, Daniela and Zlatinov, Dimitar, Macroeconomic Imbalances and the Economic Convergence of the EU Candidate Countries (August 5, 2016). Available at SSRN: https://ssrn.com/abstract=2818969 or http://dx.doi.org/10.2139/ssrn.2818969

Daniela Bobeva

Bulgarian Academy of Sciences - Economic Research Institute ( email )

3 Aksakov Str
Sofia, PB 788
Bulgaria

Dimitar Zlatinov (Contact Author)

Sofia University St. Kliment Ohridski ( email )

15, Tzar Osvoboditel Blvd.
Sofia, 1504
Bulgaria

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
56
Abstract Views
453
Rank
580,326
PlumX Metrics