GROWTH IN THE CENTRAL AND EASTERN EUROPEAN COUNTRIES OF THE EUROPEAN UNION by Susan Schadler, Ashoka Mody, Abdul Abiad ( 9781589065543 )

Item Details

Title:

GROWTH IN THE CENTRAL AND EASTERN EUROPEAN COUNTRIES OF THE EUROPEAN UNION

By:

Susan Schadler, Ashoka Mody, Abdul Abiad

Format:

Paperback

List price:	£26.95
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ISBN 10:

1589065549

ISBN 13:

9781589065543

Publisher:

INTERNATIONAL MONETARY FUND (IMF)

Pub. date:

15 December, 2006

Pages:

Description:

Eight Central and Eastern European countries have become members of the European Union. This paper discusses the region's growth performance, outlines two growth scenarios that illustrate the range of investment and productivity growth rates under the income catch-up objective. It also focuses on an important aspect of integration with Europe.

Synopsis:

Eight Central and Eastern European countries - the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia - have become members of the European Union (EU). The central challenge now facing these countries is to catch up to advanced EU income levels. This paper discusses the region's growth performance, outlines two growth scenarios that illustrate the range of investment and productivity growth rates under the income catch-up objective, and draws on extensive literature on empirical growth equations and cross-country growth analyses to identify strengths and weaknesses in the region. It also focuses on an important aspect of integration with Europe: the opportunity to supplement domestic savings with foreign savings intermediated through European financial markets.

Illustrations:

figs, tables

Publication:

Imprint:

International Monetary Fund (IMF)

Returns:

Returnable

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