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Trade Deficits in Poland and Estonia: Capital Imports versus Import Penetration and the Sustainability of Current Account Deficits

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Author Info

  • Stephan, J.

Abstract

This paper attempts to analyse the structure and development of marchandise imports into Poland and Estonia, and assess their influence on the respective conditions of catch-up development for the two economies: whilst capital imports constitute an important condition for overcoming the technological backwardness in transition economies, current account deficits effect negatively in the stabilisation of the monetary constitution.

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Bibliographic Info

Paper provided by American Cairo - Economics and Political Sciences in its series Papers with number 82.

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Length: 21 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:cairam:82

Contact details of provider:
Postal: The American University in Cairo, Economics and Political Science. 113 Sharia Kasr El Aini Cairo Egypt.
Web page: http://www.aucegypt.edu/Business/econ/
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Keywords: INTERNATIONAL TRADE ; CAPITAL MARKET;

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