Unraveling the economic performance of the CEEC countries: the role of exports and global value chains

Jan Hagemejer and Jakub Mućk

No 2018-07, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: In this study we assess the importance of exports and global value chains (GVC) participation on economic growth. Using novel methods and an extensive dataset, we decompose GDP growth in the Central and Eastern European (CEEC) countries to show that in over a large part of the period of transition and integration with the EU, exports have played a predominant role in shaping economic growth. We also show that exports have been the major factor driving the convergence of the CEEC countries with their advanced counterparts. We employ panel methods to analyze the determinants of growth of exported value added and show that the major growth drivers in the analyzed period of 1995−2014 are GVC participation, imports of technology and capital deepening.

Keywords: economic growth; international trade; GVC; heterogeneous panels; common correlated effects estimation; CEEC (search for similar items in EconPapers)
JEL-codes: C23 F21 O33 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2018
New Economics Papers: this item is included in nep-int and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.wne.uw.edu.pl/index.php/download_file/4120/ First version, 2018 (application/pdf)

Related works:
Working Paper: Unraveling the economic performance of the CEEC countries.The role of exports and global value chains (2018)
Working Paper: Unraveling the economic performance of the CEEC countries. The role of exports and global value chains (2018)
Working Paper: Unraveling the economic performance of the CEEC countries. The role of exports and global value chains (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2018-07

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