The Main Macroeconomic Indicators of the Development of the European Union

Authors

  •   Natalia Victorovna Kuznetsova Professor, Department of World Economy, School of Economics and Management, Far Eastern Federal University, Vladivostok, Russky Island
  •   Anna Andreevna Tarabukina Student of the Fifth Year Two-diploma Programs, Department of World Economy, School of Economics and Management, Far Eastern Federal University, Vladivostok, Russky Island

DOI:

https://doi.org/10.17010/ijf/2014/v8i11/71694

Keywords:

GDP

, Competitiveness, Eurozone, Private Sector, Specialization, Macroeconomic Indicators, Economic Growth Indicators, GDP per Capita, Unemployment, Index of Economic Freedom, Investments

F15

, F59, O11

Paper Submission Date

, May 4, 2014, Paper sent back for Revision, August 6, Paper Acceptance Date, August 17, 2014.

Abstract

The main objective of the paper was to conduct an analysis of the main macroeconomic indicators of the European Union member countries in the current economic scenario. The article showed the leaders of the EU by the economic strength: Germany, the United Kingdom, France, Italy, and Spain; they, in particular, define the tendencies and the structure of the Union's economy. The characteristics of the North Western European countries are also discussed. The EU countries, with transition economies, are distinguished by the high growth of macroeconomic indicators: they are leading in the GDP and GPD per capita growth rates in a 10-year period since 2003. The paper also showed that the European Union is an association of the national economies that effectively interact with each other.

Downloads

Download data is not yet available.

Downloads

Published

2014-11-01

How to Cite

Kuznetsova, N. V., & Tarabukina, A. A. (2014). The Main Macroeconomic Indicators of the Development of the European Union. Indian Journal of Finance, 8(11), 23–33. https://doi.org/10.17010/ijf/2014/v8i11/71694

Issue

Volume 8, Issue 11, November 2014

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

References

European Union. (2013). EU budget financial report, 2012. Retrieved from http://ec.europa.eu/budget/financialreport/2012/pdf/financialreport-2012_en.pdf

Forbes. (2013). The world's biggest public companies. Retrieved from www.forbes.com/global2000/#page:5_sort:0_direction:asc_search:_filter:All%20industries_filter:All%20countries_filter:All%20states

International Telecommunication Union (ITU). (2012). Measuring the information society. Retrieved from http://www.itu.int/en/ITU-D/Statistics/Documents/publications/mis2012/MIS2012_without_Annex_4.pdf

Medvec, S. E. (2009). The European Union and expansion to the East: Aspects of accession, problems, and prospects for the future. International Social Science Review, 84 (1/2), 66-83.

Nikolaeva, I.P. (2006). World economy: Textbook (pp. 119-123). Moscow: Unity-Dana.

Shishkov, Y.V. (2000). The place and the role of the European Union in the modern world. Relevant problems of Europe, 3, 11-29.

The Heritage Foundation. (2013). The highlights of the 2013 index of economic freedom. Retrieved from http://thf_media.s3.amazonaws.com/index/pdf/2013/Index2013_Highlights.pdf

The reality passes ahead of the forecasts. (2012, January 11). Expert-online. Retrieved from expert.ru/2012/01/11/realnost-operezhaet-prognozyi

The World Bank. (2014). World data bank. Retrieved from databank.worldbank.org/data/views/reports/tableview.aspx#

The World Factbook. (2014). The Central Intelligence Agency. Retrieved from www.cia.gov/library/publications/the-world-factbook/geos/xx.html

Wiener, A. & Dias, T. (2004). European integration theory (p.296). Oxford: Oxford University Press.

Zuev, V.N. (2011). Supranational mechanism the main instrument of the European integration? Modern Europe 2, 94-108.