TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES

Volume: 3 Number: 1 June 1, 2011
  • Rasa Balvočiūtė
  • Solveiga Skunčikienė
International Journal of Social Sciences and Humanity Studies Cover
International Journal of Social Sciences and Humanity Studies
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TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES

Abstract

This article represents the study of macroeconomic dynamics of Lithuania in 2004 - 2010, new (Slovakia and Estonia) and old Euro zone members. It was found that some countries had furiously tried to improve macroeconomic situation before introduction of the euro. When countries switched to, euro has been suspended due to extensive measures to improve economic situation. It was also found that in Estonian case the convergence was coherent and after switching to euro zone, economy of this country escaped the disruptive changes. This study is important not only for economic countries’ analyses but also for Lithuania and other countries which seek to introduce euro in the coming years

Keywords

References

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  4. EUROSTAT(2004, 2005, 2006, 2007, 2008, 2009, 2010). Real GDP growth rate. http://epp.eurostat.ec.europa.eu/tgm/table.do?tab=table&init=1&language=en&pcode=tsi eb020&plugin=1 [Accessed 22.07.2011]
  5. Gitanas Nausėda (2011). Vėl keiksnosime Mastrichto kriterijus? Verslo žinios. http://vz.lt/straipsnis/2011/06/28/GITANAS_NAUSEDA_vel_keiksnosime_Mastrichto_k riterijus2 [Accessed 22.07.2011]
  6. Januš Levandovsky. Eurokomisaras: Lietuva eurą pasieks nelengvai. http://www.ekonomika.lt/naujiena/eurokomisaras-lietuva-eura-pasieks-nelengvai- html [Accessed 10.07.2011]
  7. Kristina Montvilaitė, Dovilė Ruplienė (2008). Lietuvos ekonominės konvergencijos tvarumas valstybės finansinės padėties kontekste. Ekonomika ir vadyba: aktualijos ir perspektyvos. 2008 4(13), p. 303 – 312.
  8. Maris Lauri, Annika Paabut (2010). Estonia - Structural Change to Continue, http://www.consensuseconomics.com/News_and_Articles/Structural_Change_in_Estonia htm [Accessed 22.07.2011]

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Rasa Balvočiūtė This is me

Solveiga Skunčikienė This is me

Publication Date

June 1, 2011

Submission Date

June 1, 2011

Acceptance Date

-

Published in Issue

Year 2011 Volume: 3 Number: 1

IZ

https://izlik.org/JA64RX84KA

Cite

RIS / Bibtex
APA
Balvočiūtė, R., & Skunčikienė, S. (2011). TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES. International Journal of Social Sciences and Humanity Studies, 3(1), 365-374. https://izlik.org/JA64RX84KA
AMA
1.Balvočiūtė R, Skunčikienė S. TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES. IJ-SSHS. 2011;3(1):365-374. https://izlik.org/JA64RX84KA
Chicago
Balvočiūtė, Rasa, and Solveiga Skunčikienė. 2011. “TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES”. International Journal of Social Sciences and Humanity Studies 3 (1): 365-74. https://izlik.org/JA64RX84KA.
EndNote
Balvočiūtė R, Skunčikienė S (June 1, 2011) TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES. International Journal of Social Sciences and Humanity Studies 3 1 365–374.
IEEE
[1]R. Balvočiūtė and S. Skunčikienė, “TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES”, IJ-SSHS, vol. 3, no. 1, pp. 365–374, June 2011, [Online]. Available: https://izlik.org/JA64RX84KA
ISNAD
Balvočiūtė, Rasa - Skunčikienė, Solveiga. “TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES”. International Journal of Social Sciences and Humanity Studies 3/1 (June 1, 2011): 365-374. https://izlik.org/JA64RX84KA.
JAMA
1.Balvočiūtė R, Skunčikienė S. TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES. IJ-SSHS. 2011;3:365–374.
MLA
Balvočiūtė, Rasa, and Solveiga Skunčikienė. “TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES”. International Journal of Social Sciences and Humanity Studies, vol. 3, no. 1, June 2011, pp. 365-74, https://izlik.org/JA64RX84KA.
Vancouver
1.Rasa Balvočiūtė, Solveiga Skunčikienė. TOWARDS SUSTAINABLE ECONOMIC CONVERGENCE: COMPARATIVE ANALYSIS OF MACROECONOMIC SITUATION IN LITHUANIA, NEW AND OLD EURO ZONE COUNTRIES. IJ-SSHS [Internet]. 2011 Jun. 1;3(1):365-74. Available from: https://izlik.org/JA64RX84KA