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Author: Andrzej Cieslik Publisher: ISBN: Category : Languages : en Pages : 39
Book Description
In this paper we estimate the trade effects of the euro adoption in Central European countries using a modified gravity model. In particular, we analyze the ex post implications of accession of Slovenia and Slovakia to the Eurozone. We employ a gravity model that controls for an extended set of trade theory and policy variables. Trade theory variables include both the country size and factor proportion variables. Trade policy variables include the membership in GATT/WTO, CEFTA, OECD, EU and Europe Agreements. The gravity model is estimated using the panel data approach on a sample of CEE countries trading with the rest of the world during the period 1992-2010 using the fixed effects, random effects and Hausman-Taylor estimators. It seems that elimination of exchange rate volatility resulted in trade expansion for the CEE countries but the accession to the Eurozone did not have any significant effects on exports of Slovakia and Slovenia.
Author: Andrzej Cieslik Publisher: ISBN: Category : Languages : en Pages : 39
Book Description
In this paper we estimate the trade effects of the euro adoption in Central European countries using a modified gravity model. In particular, we analyze the ex post implications of accession of Slovenia and Slovakia to the Eurozone. We employ a gravity model that controls for an extended set of trade theory and policy variables. Trade theory variables include both the country size and factor proportion variables. Trade policy variables include the membership in GATT/WTO, CEFTA, OECD, EU and Europe Agreements. The gravity model is estimated using the panel data approach on a sample of CEE countries trading with the rest of the world during the period 1992-2010 using the fixed effects, random effects and Hausman-Taylor estimators. It seems that elimination of exchange rate volatility resulted in trade expansion for the CEE countries but the accession to the Eurozone did not have any significant effects on exports of Slovakia and Slovenia.
Author: NA NA Publisher: Springer ISBN: 1349629421 Category : Science Languages : en Pages : 230
Book Description
The Return to Europe examines the ability of the Central and South-east European economies to withstand competitive pressures on entry to the EU. These economies are still experiencing major structural problems inherited from communism. A major gap still exists between the income levels and economic structures of the accession states and the existing members of the EU. Trade relations largely involve the exchange of labour-intensive goods produced in Eastern Europe for technology-intensive goods produced in the EU. The export structures of some Central European economies which have attracted foreign direct investment is improving. Romania and Bulgaria have become increasingly dependent on export of labour-intensive goods since the collapse of communism. Will this create a permanent division of labour in an enlarged EU in which some regions of Europe fail to attract investment and become dependent on the export of low-wage goods, with implications for European security?
Author: Anca M. Voicu Publisher: Springer ISBN: 1349590053 Category : Business & Economics Languages : en Pages : 337
Book Description
This book examines the evolution of trade and trade patterns in Central and Eastern European countries (CEEC) and assesses the implications of these patterns on structural change and economic development within transition economies. Taking the fall of the Iron Curtain in 1989 as a starting point, the authors discuss the transition of former communist CEE countries from centrally planned to market-driven economies, arguing that trade was the primary engine for the economic growth and transition process they experienced. The chapters in this book incorporate the results of previous studies – some of which are based on original research conducted by the authors – dedicated to the integration process of international and European trade. More importantly, the authors look at the broader aspects of structural change and economic development, indeed the whole process of economic transformation. Thus, the book moves well beyond the core ‘trade and growth’ framework to look at technological progress, foreign investment, institutional development and structural change in Central and Eastern European countries.
Author: A. Kuyvenhoven Publisher: Springer Science & Business Media ISBN: 9400916140 Category : Business & Economics Languages : en Pages : 335
Book Description
In less developed countries (LDCs) there is considerable concern that the developments in the Central and Eastern European Countries (CEECs) may lead to a more inward looking European Union (EU). As EU trade, foreign investment and aid flows are diverted from LDCs towards the CEECs, close neighbours of the EU, a new dimension would be added to 'fortress Europe'. This volume consists of 11 chapters by scholars from the EU, the CEECs and LDCs. Each paper is discussed in terms of its policy relevance by a policy maker as well as by an academic specializing in the field. In the opening chapter we aim to do justice to the discussion during the Workshop in Rotterdam in May 1994 at which preliminary versions of all chapters were presented. Edited versions of the interventions by the policy makers and experts are included as far as possible after the chapters. A summary of the discussion is presented in the concluding remarks by Rolf Langhammer. The opinions expressed in this volume are those of the authors and not necessarily of their organizations. The editors XXI Foreword I am glad the first meeting of this network is on the developing country dimension of pan-European integration, for two reasons. Firstly, politi cal and economic liberalization in Central and Eastern Europe makes it possible, even necessary, to discuss such an issue.
Author: Riccardo Faini Publisher: ISBN: Category : Business & Economics Languages : en Pages : 308
Book Description
This volume explores the changes in Central and Eastern Europe on trade and investment flows in Europe from three approaches: cross-sectional studies of the likely long-run comparative advantage of the CEECs; the impact of opening up to the East on individual countries (France, Spain, and Greece); and the specific 'sensitive' sectors of steel and textiles.
Author: Altin Ilirjani Publisher: Globic Press ISBN: 0977666212 Category : Business & Economics Languages : en Pages : 148
Book Description
This book argues that a Poisson likelihood regression model is better suited to estimate the impact of common currencies on bilateral trade. The author estimates and compares potential effects of euroization on bilateral trade with the Eurozone and national incomes of Albania, Serbia, and Macedonia using three different gravity estimates.
Author: Bruno Dallago Publisher: Routledge ISBN: 1317625234 Category : Business & Economics Languages : en Pages : 464
Book Description
The global financial crisis has provided an important opportunity to revisit debates about post-socialist transition and the relative success of different reform paths. Post-communist Central and Eastern Europe (CEECs) in particular show resilience in the wake of the international crisis with a diverse range of economic transformations. Transformation and Crisis in Central and Eastern Europe offers an in depth analysis of a diverse range of countries, including Poland, Hungary, Russia, Ukraine, Czech Republic and Slovakia. This volume assesses each country’s institutional transformations, geopolitical policies, and local adaptations that have led them down divergent post-communist paths. Chapters take the reader systematically through the evolution of former communist national economic systems, before ending with lessons and conclusions for the future. Subsequent chapters demonstrate that economic performance crucially depends on achieving a sustainable balance between sound institutional design and policies on one hand, and localization on the other. This new volume from a prestigious group of academics offers a fascinating and timely study which will be of interest to all scholars and policy makers with an interest in European Economics, Russian and East European Studies, Transition Economies, Political Economy and the post-2008 world more generally.
Author: Harry G. Broadman Publisher: World Bank Publications ISBN: 0821361988 Category : Business & Economics Languages : en Pages : 444
Book Description
As the world marketplace becomes ever more globalized, much is at stake for the prosperity of hundreds of millions of people in Europe and Central Asia as the region's transition process continues through its second decade. Understanding the underlying dynamics shaping the contours and most salient impacts of international integration that have emerged and likely to emerge prospectively in the region is thus a crucial challenge for the medium term economic development agenda, not only for policymakers in the countries on themselves, but also for their trading partners, the international financial institutions, the donor community and the future of the world trading system as a whole. This book addresses this challenge.
Author: Andrzej Cieslik
Author: Andrzej Cieslik
Author: Andrzej Cieślik
Author: NA NA
Author: Anca M. Voicu
Author: A. Kuyvenhoven
Author: Riccardo Faini
Author: Altin Ilirjani
Author: Bruno Dallago
Author: Harry G. Broadman
Author: Matthieu Bussière