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Can Eastern Europe Catch Up?

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Author Info
Andrzej Brzeski, Enrico Colombatto
Abstract

The plausibility of catching-up with Western Europe by six East European countries is assessed by examining a hypothetical growth scenario. Per capita GDP in Western Europe is chosen as an adequate benchmark. The requirements for convergence are then examined, with particular reference to population, capital stock, investment, trade and 'technical progress'. The growth rates suggested by a successful convergence process for Eastern Europe turn out to be not unrealistic but nevertheless rather ambitious. Future institutional developments seem to hold the key to success.

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Article provided by Taylor and Francis Journals in its journal Post-Communist Economies.

Volume (Year): 11 (1999)
Issue (Month): 1 (March)
Pages: 5-25
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Handle: RePEc:taf:pocoec:v:11:y:1999:i:1:p:5-25

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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  2. Stern, Nicholas, 1991. "The Determinants of Growth," Economic Journal, Royal Economic Society, vol. 101(404), pages 122-33, January. [Downloadable!] (restricted)
  3. Hamilton, C.B. & Winters, L.A., 1992. "Opening Up International Trade in Eastern Europe," Papers 511, Stockholm - International Economic Studies.
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  1. Andrzej Brzeski & Enrico Colombatto, 2002. "Barking Up the Wrong Tree: a Reply to Haynes & Husan," Post-Communist Economies, Taylor and Francis Journals, vol. 14(3), pages 399-400, September. [Downloadable!] (restricted)
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This page was last updated on 2009-12-9.

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