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How far is Eastern Europe from Brussels?

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  • Fischer, Stanley
  • Sahay, Ratna
  • Vegh, Carlos

Abstract

The current destination of Central and Eastern European countries -- explicitly for some, implicitly for all -- is Brussels. One simple measure, not without theoretical justification, is physical distance. This paper's focus, however, lies more in the distance in time and economic space. The paper fist compares income gaps between Central and Eastern Europe and European Union (EU) countries, then evaluates recent economic performance in Central and Eastern Europe in light of EU standards. Finally, it addresses the question of how long it will take the Central and Eastern European Countries to close the income gap with EU countries.

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File URL: http://mpra.ub.uni-muenchen.de/20059/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20059.

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Date of creation: 1998
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Handle: RePEc:pra:mprapa:20059

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Keywords: transition; convergence;

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  1. Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
  2. International Monetary Fund, 1996. "Do Government Wage Cuts Close Budget Deficits? a Conceptual Framework for Developing Countries and Transition Economies," IMF Working Papers 96/19, International Monetary Fund.
  3. William Easterly & Stanley Fischer, 1994. "The Soviet Economic Decline: Historical and Republican Data," NBER Working Papers 4735, National Bureau of Economic Research, Inc.
  4. Peter Murrell, 1996. "How Far Has the Transition Progressed?," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 25-44, Spring.
  5. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  6. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
  7. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-51, April.
  8. de Melo, Martha & Denizer, Cevdet & Gelb, Alan, 1996. "From plan to market : patterns of transition," Policy Research Working Paper Series 1564, The World Bank.
  9. Jeffrey M. Davis & A. Cheasty, 1996. "Fiscal Transition in Countries of the Former Soviet Union," IMF Working Papers 96/61, International Monetary Fund.
  10. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos A, 1996. "Economies in Transition: The Beginnings of Growth," American Economic Review, American Economic Association, vol. 86(2), pages 229-33, May.
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