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@inbook{79002, author = {Szkorupová, Zuzana and Krkošková, Radmila and Szarowská, Irena}, address = {Leeds, England}, booktitle = {Modeling Economic Growth in Contemporary Czechia}, doi = {http://dx.doi.org/10.1108/978-1-83753-840-920241002}, editor = {Daniel Stavárek, Michal Tvrdoň}, keywords = {Nominal convergence; Euro area; Maastricht convergence criteria; Real convergence; Economic performance; Labour market}, howpublished = {tištěná verze "print"}, language = {eng}, location = {Leeds, England}, isbn = {978-1-83753-841-6}, pages = {17-34}, publisher = {Emerald Publishing Limited}, title = {Nominal and Real Convergence of Czechia With the Euro Area}, url = {https://www.emerald.com/insight/publication/doi/10.1108/9781837538409}, year = {2024} }
TY - CHAP ID - 79002 AU - Szkorupová, Zuzana - Krkošková, Radmila - Szarowská, Irena PY - 2024 TI - Nominal and Real Convergence of Czechia With the Euro Area VL - Modeling Economic Growth in Contemporary Czechia (Entrepreneurship and Global Economic Growth) PB - Emerald Publishing Limited CY - Leeds, England SN - 9781837538416 KW - Nominal convergence KW - Euro area KW - Maastricht convergence criteria KW - Real convergence KW - Economic performance KW - Labour market UR - https://www.emerald.com/insight/publication/doi/10.1108/9781837538409 N2 - The aim of this chapter is to examine the nominal and real convergence of Czechia. The importance of the convergence of Czechia with the euro area is linked to the future intention of joining the Economic and Monetary Union after the Maastricht criteria are met. This chapter covers the period from 2004 to 2021. We argue that nominal convergence is relative to the Maastricht criteria, when real convergence focuses on different areas: the Maastricht criteria, gross domestic product (GDP) per capita in purchasing power standards and real GDP growth rate, labour market (minimum labour costs and unemployment rates. Findings suggest that Czechia has reported the strongest real convergence in the area of relative economic level, moderate convergence of labour costs and divergence of unemployment. The nominal convergence analysis suggests that Czechia will not meet the Maastricht benchmarks in the near future and is not ready to join the euro area given its high inflation rate and the state of public finances. ER -
SZKORUPOVÁ, Zuzana, Radmila KRKOŠKOVÁ a Irena SZAROWSKÁ. Nominal and Real Convergence of Czechia With the Euro Area. In Daniel Stavárek, Michal Tvrdoň. \textit{Modeling Economic Growth in Contemporary Czechia}. Leeds, England: Emerald Publishing Limited, 2024, s.~17-34. Modeling Economic Growth in Contemporary Czechia (Entrepreneurship and Global Economic Growth). ISBN~978-1-83753-841-6. Dostupné z: https://dx.doi.org/10.1108/978-1-83753-840-920241002.
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