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Can Eastern Europe Catch Up?

Author

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  • Andrzej Brzeski
  • Enrico Colombatto
Abstract
The plausibility of catching-up with Western Europe by six East European countries is assessed by examining a hypothetical growth scenario. Per capita GDP in Western Europe is chosen as an adequate benchmark. The requirements for convergence are then examined, with particular reference to population, capital stock, investment, trade and 'technical progress'. The growth rates suggested by a successful convergence process for Eastern Europe turn out to be not unrealistic but nevertheless rather ambitious. Future institutional developments seem to hold the key to success.

Suggested Citation

  • Andrzej Brzeski & Enrico Colombatto, 1999. "Can Eastern Europe Catch Up?," Post-Communist Economies, Taylor & Francis Journals, vol. 11(1), pages 5-25.
    • Handle: RePEc:taf:pocoec:v:11:y:1999:i:1:p:5-25
    DOI: 10.1080/14631379996020
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    References listed on IDEAS

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    1. Stern, Nicholas, 1991. "The Determinants of Growth," Economic Journal, Royal Economic Society, vol. 101(404), pages 122-133, January.
    2. Hamilton, C.B. & Winters, L.A., 1992. "Opening Up International Trade in Eastern Europe," Papers 511, Stockholm - International Economic Studies.
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    4. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    5. Dixit, A. K., 1976. "The Theory of Equilibrium Growth," OUP Catalogue, Oxford University Press, number 9780198770817.
    6. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    7. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
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    Cited by:

    1. Vassilis Monastiriotis, 2011. "Regional Growth Dynamics in Central and Eastern Europe," LEQS – LSE 'Europe in Question' Discussion Paper Series 33, European Institute, LSE.
    2. Rumen Dobrinsky, 2003. "Convergence in Per Capita Income Levels, Productivity Dynamics and Real Exchange Rates in the EU Acceding Countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(3), pages 305-334, September.
    3. Cezar Scarlat & Eugen I. Scarlat, 2007. "Theoretical Aspects of the Economic Transition: The Case of Romania," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(4), pages 307-331.
    4. Sardor Tadjiev & Pierre-Yves Donze, 2021. "The Development of the Automotive Industry in Post-Soviet Countries since 1991," Eurasian Journal of Business and Management, Eurasian Publications, vol. 9(2), pages 164-183.
    5. Andrzej Brzeski & Enrico Colombatto, 2002. "Barking Up the Wrong Tree: A Reply to Haynes & Husan," Post-Communist Economies, Taylor & Francis Journals, vol. 14(3), pages 399-400.
    6. Völlmecke, Dominik & Jindra, Björn & Marek, Philipp, 2016. "FDI, human capital and income convergence—Evidence for European regions," Economic Systems, Elsevier, vol. 40(2), pages 288-307.
    7. Dimitris Kallioras & George Petrakos, 2010. "Industrial growth, economic integration and structural change: evidence from the EU new member-states regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 45(3), pages 667-680, December.
    8. Mariana Balan, 2018. "Estimating Economic And Social Regional Disparities In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 5-18, June.
    9. M. Haynes & R. Husan, 2002. "'Somewhere Over the Rainbow': The Post-Soviet Transition, the Market and the Mythical Process of Convergence," Post-Communist Economies, Taylor & Francis Journals, vol. 14(3), pages 381-398.

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