Central, Eastern, and Southeastern European Countries’ Convergence: A Look at the Past and Considerations for the Future

Laura Papi, Emil Stavrev () and Volodymyr Tulin
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Laura Papi: International Monetary Fund
Emil Stavrev: International Monetary Fund
Volodymyr Tulin: International Monetary Fund

Comparative Economic Studies, 2018, vol. 60, issue 2, No 7, 290 pages

Abstract: Abstract CESEE countries have achieved substantial progress and their income and living standards have improved significantly since the beginning of transition. Nevertheless, convergence to high-income status is not assured. Strong demographic headwinds ahead and a subdued outlook for capital accumulation reinforce the need for productivity growth to converge to the income levels of advanced European countries. Better governance and institutions hold high promise to deliver the needed productivity growth, by spurring innovation, fostering competition, and retaining and attracting skilled workers.

Keywords: Convergence; Central and eastern Europe; Total factor productivity; Demographics; Innovation; Institutions (search for similar items in EconPapers)
JEL-codes: E0 E02 E1 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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DOI: 10.1057/s41294-018-0068-2

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