research

European Integration: Some stylised facts

Abstract

The European economic integration has been an ongoing process for nearly a half century. This article discuss initially the concept of integration and then gives an overall assessment of the development of integration on various areas. Evidence points to a remarkable process towards monetary integration especially in the last decades. The significant increase of the intra-EU trade also points to a more integrated Europe especially since the establishing of the internal market. However, the integration seems to have less impact on other areas e.g. synchronisation of the business cycles between Member States and convergence of living standards. Prospects for the future development of integration is also discussed in the article.

Similar works

Full text

thumbnail-image

Research Papers in Economics

Provided a free PDF
Last time updated on 7/6/2012View original full text link

This paper was published in Research Papers in Economics.

Having an issue?

Is data on this page outdated, violates copyrights or anything else? Report the problem now and we will take corresponding actions after reviewing your request.