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Globalisation and Development: New Evidence from Central and Eastern Europe

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  • Lucian Cernat

    (UNCTAD, Trade Analysis Branch, Geneva, Switzerland)

  • Radu Vranceanu

    (ESSEC, Department of Economics Cergy, Pontoise, France)

Abstract

To various degrees, Central and Eastern European countries increased their participation to the world economy over the last ten years. In particular, they accepted the challenge of trade openness and attracted significant foreign direct investment. This paper assesses the impact of these major changes on output growth in this region. Results of a panel data analysis suggest that increased EU integration and openness as well as reduced import duties were favourable to development. There is also evidence that increased FDI inflows may be associated with better output performances. Comparative Economic Studies (2002) 44, 119–136; doi:10.1057/ces.2002.22

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.

Volume (Year): 44 (2002)
Issue (Month): 4 (December)
Pages: 119-136

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Handle: RePEc:pal:compes:v:44:y:2002:i:4:p:119-136

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Cited by:
  1. Zangeneh, Hamid, 2006. "Saving, Investment and Growth: A Causality Test," MPRA Paper 26806, University Library of Munich, Germany, revised 2006.
  2. Kanybek Nur-tegin, 2007. "Do Transition Economies and Developing Countries Have Similar Destinies?," Atlantic Economic Journal, International Atlantic Economic Society, vol. 35(3), pages 327-342, September.
  3. Manuel Portugal Ferreira & Dan Li & Fernando A. Ribeiro Serra, 2008. "Firm Characteristics and Country Institutional Development: Business Relationships with Foreign Firms in Transition Economies," Working Papers 20, globADVANTAGE, Polytechnic Institute of Leiria.
  4. Gurgul, Henryk & Lach, Łukasz, 2014. "Globalization and economic growth: Evidence from two decades of transition in CEE," Economic Modelling, Elsevier, vol. 36(C), pages 99-107.
  5. Iwasaki, Ichiro & Tokunaga, Masahiro, 2013. "Macroecnomic Impacts of FDI in Transition Economies: A Meta-Study," RRC Working Paper Series 39, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
  6. Brouthers, Lance Eliot & Mukhopadhyay, Somnath & Wilkinson, Timothy J. & Brouthers, Keith D., 2009. "International market selection and subsidiary performance: A neural network approach," Journal of World Business, Elsevier, vol. 44(3), pages 262-273, July.
  7. Hamid Zangeneh, 2006. "Saving, Investment, and Growth: A Causality Test," Iranian Economic Review, Economics faculty of Tehran university, vol. 11(2), pages 165-175, spring.
  8. Mirja Meyborg, 2011. "The Impact of FDI on Innovation and Networking Activity in Central and Eastern Europe – A Patent Analysis," ERSA conference papers ersa10p1362, European Regional Science Association.
  9. Elvira Sapienza, 2009. "FDI and Growth in Central and Southern Eastern Europe," Quaderni DSEMS 12-2009, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.

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