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V. Policies and Long-Term Growth: What Can Be Learned from Other Countries?

V. Policies and Long-Term Growth: What Can Be Learned from Other Countries? »

Source: Growth in the Central and Eastern European Countries of the European Union

Series: Occasional Papers

Author(s): Abdul Abiad , Ashoka Mody , Susan Schadler , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2007

ISBN: 9781589065543

Keywords: Eastern Europe, Economic growth, European Union, per capita income, growth rates, tfp, gdp growth, current account deficit

Closing the income gap with Western Europe will require supporting policies in the CEECs. The growth accounting exercise presented in the previous section is a mechanical one. It assumes that the CEECs—at sp...

VI. European Integration: Opportunities for Growth

VI. European Integration: Opportunities for Growth »

Source: Growth in the Central and Eastern European Countries of the European Union

Series: Occasional Papers

Author(s): Abdul Abiad , Ashoka Mody , Susan Schadler , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2007

ISBN: 9781589065543

Keywords: Eastern Europe, Economic growth, European Union, per capita income, growth rates, tfp, gdp growth, current account deficit

Formal membership in the EU and, prospectively, the euro area critically differentiates the CEECs from other emerging market countries. An obvious and quantifiable benefit comes from large transfers from the...

VII. Implications for IMF Surveillance

VII. Implications for IMF Surveillance »

Source: Growth in the Central and Eastern European Countries of the European Union

Series: Occasional Papers

Author(s): Abdul Abiad , Ashoka Mody , Susan Schadler , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2007

ISBN: 9781589065543

Keywords: Eastern Europe, Economic growth, European Union, per capita income, growth rates, tfp, gdp growth, current account deficit

A medium- to long-term perspective on growth will be a necessary complement to the short-term concerns prominent in surveillance. The CEECs, having emerged from the low-growth era of central planning, have i...