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.
Rebitzer, Dieter, Mark Renz, and Paolo Colucci. "Economic convergence in the EU and its impact on property markets." In 22nd Annual European Real Estate Society Conference. ERES: Conference. Istanbul, Turkey, 2015.
Section: Market Research, Analysis & Forecasting