EU's eastern neighbours: Institutional harmonisation and potential growth bonus

Bericht

This paper provides the quantitative estimate of the potential growth bonus for CIS countries, and in particular EU's Easter Neighbours, that can be a result of deeper institutional harmonisation with the EU. Econometric investigation involving instrumental variable, simultaneous equation and dynamic panel techniques documents the strong positive link between growth performance and reforms, as well as between reforms and European integration. The paper derives the range of possible values of growth bonus from the deepened neighbourhood cooperation between 1 and 3.8 with the median at 1.8 percentage points. The least growth bonus is expected through basic liberalization reforms, while countries with a considerable institutional gap are likely to gain the most.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CASE Network Studies & Analyses ; No. 386

Classification and Topics

• Classification: Wirtschaft ; International Relations and International Political Economy: Other ; International Linkages to Development; Role of International Organizations ; Economic Growth and Aggregate Productivity: Other ; Comparative Studies of Countries ; Socialist Systems and Transitional Economies: Planning, Coordination, and Reform ; Socialist Systems and Transitional Economies: Political Economy; Property Rights ; Socialist Systems and Transitional Economies: Performance and Prospects
• Subject: institutions ; reform ; growth ; transition ; integration ; neighbourhood ; dynamic panel ; Institutioneller Wandel ; Wirtschaftswachstum ; Europäische Integration ; Wirtschaftsintegration ; EU-Nachbarstaaten ; GUS-Staaten ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Radziwill, Artur ; Smietanka, Paweł
• Event: Veröffentlichung
• (who): Center for Social and Economic Research (CASE)
• (where): Warsaw
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/128190
• Last update: 10.03.2025, 11:43 AM CET