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Sluggish International Business Climate: A Test for the Central and Eastern European Countries' Endurance

Author

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  • Josef Pöschl

    (The Vienna Institute for Comparative Economic Studies)

Abstract

The Central and Eastern European Countries (CEECs) were able to maintain in 2001 and 2002 a growth rate significantly above that of the EU 15. The more developed group of CEECs went more in parallel with the EU 15, which means that their average growth rate fell considerably. The other group of countries has not yet reached the pre-transition level. They were more independent from the international business cycle and maintained higher growth rates or even accelerated growth.

Suggested Citation

  • Josef Pöschl, 2003. "Sluggish International Business Climate: A Test for the Central and Eastern European Countries' Endurance," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(5), pages 349-369, May.
  • Handle: RePEc:wfo:monber:y:2003:i:5:p:349-369
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    References listed on IDEAS

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    1. Raghuram G. Rajan & Luigi Zingales, 2001. "Financial Systems, Industrial Structure, and Growth," Oxford Review of Economic Policy, Oxford University Press, vol. 17(4), pages 467-482.
    2. Raghuram G. Rajan & Luigi Zingales, 2000. "The Great Reversals: The Politics of Financial Development in the 20th Century," OECD Economics Department Working Papers 265, OECD Publishing.
    3. Tadesse, Solomon, 2002. "Financial Architecture and Economic Performance: International Evidence," Journal of Financial Intermediation, Elsevier, pages 429-454.
    4. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    5. Stefano Scarpetta & Andrea Bassanini & Dirk Pilat & Paul Schreyer, 2000. "Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level," OECD Economics Department Working Papers 248, OECD Publishing.
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