[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/onb/oenbfi/y2018iq3-18b1.html
   My bibliography  Save this article

Restarting real economic convergence in CESEE

Author

Listed:
Abstract
Economic transition, European integration and EU membership have spurred an unprecedented process of social, political and economic modernization in Central, Eastern and Southeastern Europe (CESEE). Economic catching-up, however, has slowed since the Great Recession of 2008. Potential growth rates moderated notably and have not yet returned to the dynamism of the early 2000s. After providing a short overview of the status quo of transition in the 11 CESEE EU Member States2, this study elaborates on the reasons for weakening potential growth by focusing on the contributions of labor, capital and productivity to potential output. At the same time, we try to identify the most suitable policy options to reaccelerate economic dynamics in CESEE in the medium term.

Suggested Citation

  • Doris Ritzberger-Grünwald & Josef Schreiner, 2018. "Restarting real economic convergence in CESEE," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3-18, pages 10-23.
    • Handle: RePEc:onb:oenbfi:y:2018:i:q3-18:b:1
    as

    Download full text from publisher

    File URL: https://www.oenb.at/dam/jcr:328f5074-ca09-4fb6-8b7e-29f8f9bfbe19/01_Restarting%20real%20economic_feei_2018_q3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chiara Pronzato, 2017. "Fertility decisions and alternative types of childcare," IZA World of Labor, Institute of Labor Economics (IZA), pages 382-382, September.
    2. Joëlle Sleebos, 2003. "Low Fertility Rates in OECD Countries: Facts and Policy Responses," OECD Labour Market and Social Policy Occasional Papers 15, OECD Publishing.
    3. Otrachshenko, Vladimir & Popova, Olga, 2014. "Life (dis)satisfaction and the intention to migrate: Evidence from Central and Eastern Europe," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 48(C), pages 40-49.
    4. Doris Ritzberger-Grünwald & Josef Schreiner & Julia Wörz, 2017. "Competitiveness of CESEE EU Member States: recent trends and prospects," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/17, pages 31-41.
    5. Rocc L. Bubbico & Miroslav Kollar & Tomáš Slacík, 2018. "Structural investment needs in CESEE and the use of EU funds," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3-18, pages 87-101.
    6. Zoltan Arokszallasi & Juraj Kotian & Katarzyna Rzentarzewska, 2018. "Digitalization and higher R&D readiness – way to foster income convergence in CESEE," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3-18, pages 34-42.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dimitar Eftimoski, 2020. "Some new insights on economic convergence and growth in Central, Eastern, and Southeastern Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 863-884, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. van Hoorn, André, 2018. "Is the happiness approach to measuring preferences valid?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 53-65.
    2. Kuang-Ta Lo, 2012. "The Crowding-out Effect of Homeownership on Fertility," Journal of Family and Economic Issues, Springer, vol. 33(1), pages 108-117, March.
    3. Silvia Simon, 2007. "Personelle Ressourcenknappheit - Problemaufriss, Ursachen und Ansatzpunkte im Fürstentum Liechtenstein," Arbeitspapiere 11, Liechtenstein-Institut.
    4. Natálie Švarcová & Petr Švarc, 2009. "The Financial Impact of Government Policies on Families with Children in the Czech Republic, Hungary, Poland, and Slovakia," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 3(1), pages 048-068, March.
    5. Del Boca, Daniela & Locatelli, Marilena, 2006. "The Determinants of Motherhood and Work Status: A Survey," IZA Discussion Papers 2414, Institute of Labor Economics (IZA).
    6. Angela Luci-Greulich & Olivier Thévenon, 2013. "The Impact of Family Policies on Fertility Trends in Developed Countries," European Journal of Population, Springer;European Association for Population Studies, vol. 29(4), pages 387-416, November.
    7. Guzi, Martin & de Pedraza, Pablo, 2013. "A Web Survey Analysis of the Subjective Well-being of Spanish Workers," IZA Discussion Papers 7618, Institute of Labor Economics (IZA).
    8. William Betz & Nicole Simpson, 2013. "The effects of international migration on the well-being of native populations in Europe," IZA Journal of Migration and Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-21, December.
    9. Gosta Esping-Andersen, 2008. "Childhood investments and skill formation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(1), pages 19-44, February.
    10. Masaya Yasuoka, 2014. "Child-care Policies and Pension in an Endogenous Fertility Model," Discussion Paper Series 114, School of Economics, Kwansei Gakuin University, revised Jan 2014.
    11. Angela Luci & Olivier Thevenon, 2011. "The impact of family policy packages on fertility trends in developed countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00657603, HAL.
    12. Isilda Mara & Michael Landesmann, 2013. "Do I stay because I am happy or am I happy because I stay? Life satisfaction in migration, and the decision to stay permanently, return and out-migrate," Norface Discussion Paper Series 2013008, Norface Research Programme on Migration, Department of Economics, University College London.
    13. Nikolova, Milena & Graham, Carol, 2015. "In transit: The well-being of migrants from transition and post-transition countries," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 164-186.
    14. Allan Puur & Sanan Abdullayev & Martin Klesment & Mark Gortfelder, 2023. "Parental Leave and Fertility: Individual-Level Responses in the Tempo and Quantum of Second and Third Births," European Journal of Population, Springer;European Association for Population Studies, vol. 39(1), pages 1-28, December.
    15. Hippolyte d'Albis & Angela Luci Greulich & Grégory Ponthière, 2015. "Avoir un enfant plus tard: Enjeux sociodémographiques du report des naissances," Post-Print halshs-01245523, HAL.
    16. Ohinata, Asako, 2008. "Fertility Response to Financial Incentives-Evidence from the Working Families Tax Credit in the UK," The Warwick Economics Research Paper Series (TWERPS) 851, University of Warwick, Department of Economics.
    17. Pablo Brañas-Garza & Shoshana Neuman, 2007. "Parental religiosity and daughters’ fertility: the case of Catholics in southern Europe," Review of Economics of the Household, Springer, vol. 5(3), pages 305-327, September.
    18. Hippolyte D'Albis & Angela Greulich & Grégory Ponthière, 2015. "AVOIR UN ENFANT PLUS TARD Enjeux sociodémographiques du report des naissances," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01298929, HAL.
    19. Vladimir S. Polovinko & Anna V. Arbuz, 2018. "Migration Intentions of Population in the Context of Regional Labour Market," Journal of New Economy, Ural State University of Economics, vol. 19(1), pages 38-50, February.
    20. Fort, Margherita, 2005. "Education and timing of births: evidence from a natural experiment in Italy," ISER Working Paper Series 2005-20, Institute for Social and Economic Research.

    More about this item

    Keywords

    Central; Eastern and Southeastern Europe; convergence; potential growth; demography;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbfi:y:2018:i:q3-18:b:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Elisabeth Beckmann (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.