Investigation of Economic Integration of Central and Eastern European Countries

Lina Sineviciene ()
Additional contact information
Lina Sineviciene: Kaunas University of Technology

A chapter in Regional Studies on Economic Growth, Financial Economics and Management, 2017, pp 281-295 from Springer

Abstract: Abstract The paper examines trade integration indicators, which could be used not only in assessing country’s economic integration but may also be useful in evaluating the possible response of an economy to shocks. In the paper, trade integration of Central and Eastern European countries (CEECs) is assessed using the set of selected indicators. The following research methods are used: the systemic, logical and comparative analysis of literature, the analysis of statistical data. The study covers 1990–2014. The results of this study show that economic integration of CEECs increased during the research period. However, such economies as Croatia, Poland and Romania remain relatively close and more dependent on domestic demand than the other CEECs. This means that these countries may be less vulnerable to external shocks but more sensitive to internal policy shocks. The CIS countries are still important trade partners of CEECs. High export and import share of CEECs to (from) the EU shows high regional but low global economic integration of CEECs. The research results show that the major trade partners of most CEECs are Germany and Russia. Therefore, changes in the economic environment of these countries should be observed very carefully in order to mitigate the effect of external shocks that could spread to the CEECs through the real channel.

Keywords: Economic integration; Economic shocks; Indicators of trade integration; CEECs (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-54112-9_18

Ordering information: This item can be ordered from
http://www.springer.com/9783319541129

DOI: 10.1007/978-3-319-54112-9_18

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().