TY - CONF T1 - Economic convergence in the EU and its impact on property markets T2 - 22nd Annual European Real Estate Society Conference Y1 - 2015 A1 - Rebitzer, Dieter A1 - Mark Renz A1 - Paolo Colucci KW - Crisis KW - Economic Convergence AB -

 

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.

JA - 22nd Annual European Real Estate Society Conference T3 - ERES: Conference CY - Istanbul, Turkey J1 - Conference 2015 ID - oai-eres.id-eres2015_216 M3 - 10.15396/eres2015_216 ER -