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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.

Suggested Citation

  • Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998. "How far is Eastern Europe from Brussels?," MPRA Paper 20059, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:20059
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    References listed on IDEAS

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    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
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    Keywords

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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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