Real Convergence to EU Income Levels: Central Europe From 1990 to the Long Term

Guorong Jiang, Peter Doyle and Louis Kuijs

No 2001/146, IMF Working Papers from International Monetary Fund

Abstract: The paper discusses factors likely to shape the nature and pace of economic growth of five Central European transition countries now engaged in accession to the European Union. It is organized around the standard growth accounting framework. The paper reviews the growth of these countries since 1990 and draws lessons from the growth experiences of other regions since the 1950s, shedding light on long-term growth prospects for these countries. It discusses a set of growth calculations and highlights the key uncertainties in them.

Keywords: WP; TFP growth; GDP ratio; State intervention; TFP result; Transition; EU accession; growth; growth accounting; Central Europe; investment ratio; TFP performance; output ratio; investment climate; Total factor productivity; Stocks; Productivity; Production growth; Western Europe; East Asia; Eastern Europe; Europe (search for similar items in EconPapers)
Pages: 36
Date: 2001-09-01
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Citations: View citations in EconPapers (16)

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