How far is Eastern Europe from Brussels?

Stanley Fischer, Ratna Sahay and Carlos Vegh

MPRA Paper from University Library of Munich, Germany

Abstract: The current destination of Central and Eastern European countries -- explicitly for some, implicitly for all -- is Brussels. One simple measure, not without theoretical justification, is physical distance. This paper's focus, however, lies more in the distance in time and economic space. The paper fist compares income gaps between Central and Eastern Europe and European Union (EU) countries, then evaluates recent economic performance in Central and Eastern Europe in light of EU standards. Finally, it addresses the question of how long it will take the Central and Eastern European Countries to close the income gap with EU countries.

Keywords: transition; convergence (search for similar items in EconPapers)
JEL-codes: A12 F15 F41 F43 (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20059

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