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Appendix Growth Regressions and Data Description

Appendix Growth Regressions and Data Description »

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

Panel Growth Regressions The analysis of growth performance covered a broad range of countries over the period 1984–2004. While, in principle, the regressions attempted to cover the...

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

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

DOI: http://dx.doi.org/10.5089/9781589065543.084

ISBN: 9781589065543

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

The central challenges facing the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia as they work to catch up to advanced European Union (EU) income levels are discussed in this new...

Front Matter

Front Matter »

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

The central challenges facing the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia as they work to catch up to advanced European Union (EU) income levels are discussed in this new...

I. Overview

I. Overview »

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

The paramount economic objective of the Central and Eastern European countries (CEECs) is to raise living standards to Western European levels. 1 After a half century of largely m...

II. Scope of the Study

II. Scope of the Study »

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

In the past 15 years, the IMF’s dialogue with the eight new CEEC members of the EU has been about transitions. 3 The first transition was from central planning to market-oriented...

III. The Record: Enduring Strengths or a Bounce Back?

III. The Record: Enduring Strengths or a Bounce Back? »

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

From one perspective, focusing on the past decade, growth in the CEECs has been impressive. Following sharp output losses in the initial transition period, the CEECs have been among the stronger performing e...

IV. Growth Scenarios: Possible Paths for the Catch-Up

IV. Growth Scenarios: Possible Paths for the Catch-Up »

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

The speed at which income gaps with the euro area could be closed varies considerably across the CEECs (Table 4.1). Countries with per capita incomes close to the euro area average need to go a shorter dista...

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...