Trade Deficits in Poland and Estonia: Capital Imports versus Import Penetration and the Sustainability of Current Account Deficits

Johannes Stephan

Working Papers from The American University in Cairo, Economics Department

Abstract: This paper attempts to analyse the structure and development of marchandise imports into Poland and Estonia, and assess their influence on the respective conditions of catch-up development for the two economies: whilst capital imports constitute an important condition for overcoming the technological backwardness in transition economies, current account deficits effect negatively in the stabilisation of the monetary constitution.

Keywords: INTERNATIONAL TRADE; CAPITAL MARKET (search for similar items in EconPapers)
JEL-codes: F14 F20 F21 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:cairam:82

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