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Real Convergence in Central, Eastern and South-Eastern Europe

Author: R. Martin

Publisher: Springer

Published: 2009-02-27

Total Pages: 221

ISBN-13: 0230235433

This book brings together policymakers, high-level practitioners, academics, and experts from central banks and international institutions in order to review key policy challenges for convergence in the region of central, eastern and south-eastern Europe. Contributions focus especially on inflation, growth, migration and the balance of payments.

Real Convergence in Central, Eastern and South-eastern Europe

Author:

Publisher:

Published: 2018

Total Pages: 54

ISBN-13: 9789289933711

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This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real income convergence for economic welfare and the importance of convergence for economic and monetary integration with, and within the European Union. The paper establishes stylised facts of convergence, analyses the drivers of economic growth and identifies factors that might explain the differences between fast- and slow-converging economies in the region. The results show that the most successful CESEE economies in terms of the pace of convergence share common characteristics such as, inter alia, a strong improvement in institutional quality and human capital, more outward-oriented economic policies, favourable demographic developments and the quick reallocation of labour from agriculture into other sectors. Looking ahead, accelerating and sustaining convergence in the region will require further efforts to enhance institutional quality and innovation, reinvigorate investment, and address the adverse impact of population ageing.

The Economic History of Central, East and South-East Europe

Author: Matthias Morys

Publisher: Taylor & Francis

Published: 2020-12-29

Total Pages: 529

ISBN-13: 131741411X

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The collapse of communism in Central, East and South-East Europe (CESEE) led to great hopes for the region and for Europe. A quarter of a century on, the picture is mixed: in many CESEE countries, the transformation process is incomplete, and the economic catch-up has taken longer than anticipated. The current situation has highlighted the need for a better understanding of the long-term political and economic implications of the Central, East and South-East European historical experience. This thematically organised text offers a clear and comprehensive guide to the economic history of CESEE from 1800 to the present day. Bringing together authors from both East and West, the book also draws on the cutting-edge research of a new generation of scholars from the CESEE region. Presenting a thoroughly modern overview of the history of the region, the text will be invaluable to students of economic history and CESEE area studies.

Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume I

Author: Michael Landesmann

Publisher: Springer Nature

Published: 2021-02-11

Total Pages: 328

ISBN-13: 3030576868

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This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage

On the Verge of Convergence

Author: Henryk Doma?ski

Publisher: Central European University Press

Published: 2000-01-01

Total Pages: 200

ISBN-13: 9789639116825

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"Applying the Erikson-Goldthorpe classification of class positions, Domanski presents fully comparable data to enable political comparisons to be made with other countries, especially those with firmly established free-market economies."--BOOK JACKET.

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Author: Ansgar Hubertus Belke

Publisher:

Published: 2013

Total Pages: 0

ISBN-13:

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The paper scrutinizes the role of capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets to trace cyclical deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the period from 1998 to 2009 reveal strong evidence for the Balassa-Samuelson effect and mixed results for the role of capital flows for international competitiveness of the Central and Eastern European countries.

Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume II

Author: Michael Landesmann

Publisher: Palgrave Macmillan

Published: 2021-02-19

Total Pages: 338

ISBN-13: 9783030577018

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This edited volume analyses the channels through which EU membership contributed to the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. These channels include trade, investment, finance, labour, and laws and institutions. Global integration has certainly played an important role. A large part of FDI flows and financial integration in the world have been persistent features of globalization. Have these countries experienced more intensive integration through these channels because of EU membership, with its much tighter institutional and political anchorage, than their fundamentals and global trends would suggest? Contributions by lead researchers of the area address different aspects of this question. .

Infrastructure in Central, Eastern, and Southeastern Europe

Author: Anil Ari

Publisher:

Published: 2020-09-28

Total Pages: 123

ISBN-13: 9781513550558

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CESEE countries lag in terms of infrastructure compared to the EU15, and deficient infrastructure is often cited as a constraint to growth and convergence. Investing in infrastructure is therefore an important long-standing policy issue for the region. In the context of the Covid-19 pandemic, infrastructure investment has also gained some ground as economies look to support activity in the recovery phase once the virus has been contained. Against this backdrop, this project seeks to benchmark infrastructure in CESEE, assess the macro impact of higher infrastructure investment, and discuss policies issues to maximize such impact. First, we benchmark infrastructure in the region versus the EU15, across various infrastructure sectors and using different methodologies. Second, deploying empirical estimates and model-based simulations, we analyze the macroeconomic impact of boosting infrastructure investment. Third, we present an in-depth analysis of policy issues: enhancing public investment management, managing fiscal risks, and mobilizing private sector participation.

Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

Author: Christine J. Richmond

Publisher: International Monetary Fund

Published: 2019-06-18

Total Pages: 127

ISBN-13: 1498315143

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The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.