Determinants of Business Cycle Convergence in Euro Area. The Romanian Case
In the OCA theory, the higher economic openness and closer economic cooperation automatically lead to the convergence of business cycles. Krugman (1993) presented and alternative view on this issue. In his opinion, closer trade ties result in better allocation of resources and higher output speciali...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2006-12-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: | http://www.ectap.ro/articole/168.pdf |