IDEAS home Printed from https://ideas.repec.org/h/spr/eurchp/978-3-030-40375-1_15.html
   My bibliography  Save this book chapter

Capacity of Industrial Structure: The Case of Eastern and Central Europe

In: Eurasian Economic Perspectives

Author

Listed:
  • Leon Olszewski

    (University of Wroclaw
    University of Business in Wroclaw)

  • Pawel Dobrzanski

    (University of Economics in Wroclaw)

  • Elie Chrysostome

    (State University of New York Campus of Plattsburgh)

Abstract

Changes after 1989 enabled Central and Eastern European (CEE) countries to start processes of political and economic transformation. The Washington Consensus was adopted by post-communist economies in early 1990s. However, reforms were introduced by CEE countries with different speed. The chapter outlines the philosophy and foundation of transition, in which structural changes play an essential role. In the second part, the analysis focuses on structural changes in industrial sectors. The chapter also examines the capacity of industrial structure, as industry is one of the key sectors for CEE countries. Many studies emphasized a significant effect of industry changes on long-term economic growth. The chapter focuses on the relation between structural changes in industry and economic growth/competitiveness. Due to the complexity of the topic, the research requires usage of diverse methodological approaches. Main method is a comparative analysis using data collected from Eurostat Database, OECD Database, and Global Competitiveness Report. The analysis shows that Visegrad countries are doing quite well in the region; however, they are still behind other European Union countries. They need to explore ways to transition to a knowledge-based economy. To achieve it they should focus on high-tech production and improve the business sector’s capacity for innovation, labor market efficiency, and strengthen business sophistication. This research can be used by the government agencies for industrial development policies.

Suggested Citation

  • Leon Olszewski & Pawel Dobrzanski & Elie Chrysostome, 2020. "Capacity of Industrial Structure: The Case of Eastern and Central Europe," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Gökhan Karabulut & Giray Gözgor (ed.), Eurasian Economic Perspectives, pages 209-221, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-40375-1_15
    DOI: 10.1007/978-3-030-40375-1_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eurchp:978-3-030-40375-1_15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.