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Growth and integration's impact under a new dynamic approach
Monica Laura Zlati1, Romeo Victor Ionescu2, Valentin Marian Antohi3
1Department of Accounting, Audit and Finance, Stefan Cel Mare University, Suceava, Romania.
Environment, Development and Sustainability
|August 23, 2021
Summary
This study introduces a new dynamic model to assess economic growth and integration for Balkan countries joining the European Union. The model supports post-pandemic accession by analyzing economic performance and impact.
Area of Science:
- Economics
- Regional Studies
- Econometrics
Background:
- The European Union accession process requires robust economic assessment, especially for Balkan candidate countries.
- The COVID-19 pandemic has introduced new challenges to economic stability and integration.
Purpose of the Study:
- To develop a novel dynamic model for quantifying economic growth and integration viability.
- To support the European Union (EU) adhering process for candidate countries, particularly in the Balkan region.
- To analyze the impact and performance of economies undergoing integration.
Main Methods:
- Meta-analysis of existing literature in economic growth and regional integration.
- Comparative analysis of statistical databases.
- Application of the degree of concentration theory.
- Development of a new statistical model based on the degree of concentration theory.
Main Results:
- The developed statistical model provides a quantifiable measure of economic viability and integration.
- The model's application offers insights into the performance of integrating economies.
- The research highlights the specific challenges and opportunities within the Balkan region.
Conclusions:
- The new dynamic model effectively assesses economic integration for EU accession.
- The degree of concentration theory offers a robust framework for economic modeling in regional contexts.
- This research provides a valuable tool for policymakers navigating the EU accession of Balkan nations.
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