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How Far Is Eastern Europe from Brussels?
Author:
Ms. Ratna Sahay
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Mr. Carlos A. Végh Gramontnull

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Mr. Stanley Fischer
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Series:
IMF Working Papers
Volume/Issue:
Volume 1998: Issue 053
Language:
English
Publication Date:
01 Apr 1998
DOI:
https://doi.org/10.5089/9781451847352.001
ISBN:
9781451847352
ISSN:
1018-5941
Pages:
37
Keywords:
WP; CEE country; country; transition; convergence; CEE transition country; CEE countries to the EU; countries of CEE; transition countries in Central and Eastern Europe; Personal income; Government consumption; Fiscal stance; Inflation; Population growth; Western Europe; Central and Eastern Europe; income gap; gaps between CEE; estimating income; Income; Eastern Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The current destination of Central and Eastern European countries—explicitly for some, implicitly for all—is Brussels. The concept of the distance from Brussels is multi-dimensional. One simple measure, not without theoretical and empirical justification, is physical distance. This paper’s focus, however, lies more in the distances in time and economic space. The paper first compares income gaps between Central and Eastern European and European Union (EU) countries, then evaluates recent economic performance in Central and Eastern Europe in light of EU standards. Finally; 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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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1998: Issue 053