Economic convergence in the EU and its impact on property markets
||Rebitzer, Dieter; Mark Renz; Paolo Colucci
||Economic convergence in the EU and its impact on property markets
||22nd Annual European Real Estate Society Conference in Istanbul, Turkey
||Since the Euro-crisis the cohesion and economic convergence within the EU are questioned from what we derived our exploratory question: “Is there a convergence between the members-states (EU-15) or not?” This will be evaluated within the framework of an empirical analysis. In the first part of our paper we are examining convergence terms and definitions (absolute-, β- and σ- convergence) and their demarcations. Households, companies and nation-states are considered. In the following Gossen’s Law, the Solow model and the principle of subsidiarity are outlined and explained. On this foundation a comparison of the convergence and divergence theories in reality will be drawn.
||economic convergence, crisis
Post discussion ...
||Market Research, Analysis & Forecasting
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