The Real and Nominal Convergence

Abstract:

We have aimed our attention in this paper to a quantitative analysis of the convergence of the countries of the EU25 since 2000. The objective is to evaluate the convergence by development of macroeconomic indicators expressing progress in real and nominal convergence of the EU 25 during this reported period. In the presented work are identified the main aspects of nominal convergence and real convergence of Slovakia, which is a significant supporting factor of nominal convergence. Following the analysis there are presented also possible outlook for the convergence of Slovakia to the average of EU in the near future.