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EU (European Union) accession of central and eastern Europe : bridging the income gap

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  • Barbone, Luca
  • Zalduendo, Juan

Abstract

Joining the European Union (EU) is perhaps the key political and economic objective of Central and Eastern European (CEE) countries as they approach the 21st century. But how successful the CEE countries are in achieving this goal depends not only on how well and quickly they adapt their legal and regulatory systems to EU requirements but on how well and quickly the bridge they wide income gaps between CEE and EU countries. Using a model and cross-sectional data to develop estimates, the authors investigate how appropriate structural policies adopted before and after accession to the EU can help CEE countries bridge this income gap. They have much to gain from implementing policies that increase investment, support the development of human capital, and promote the legal, regulatory, and policy framework needed for market mechanisms to function, the faster they implement such changes, the faster they will bridge the income gap between them and the EU countries - and the more likely their accession to the EU will be successful.

Suggested Citation

  • Barbone, Luca & Zalduendo, Juan, 1997. "EU (European Union) accession of central and eastern Europe : bridging the income gap," Policy Research Working Paper Series 1721, The World Bank.
    • Handle: RePEc:wbk:wbrwps:1721
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Erich Gundlach, 2003. "Growth Effects of EU Membership: The Case of East Germany," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(3), pages 237-270, September.
    2. Campos, Nauro F., 2001. "Will the Future Be Better Tomorrow? The Growth Prospects of Transition Economies Revisited," Journal of Comparative Economics, Elsevier, vol. 29(4), pages 663-676, December.
    3. Neimke, Markus, 2003. "Financial development and economic growth in transition countries," IEE Working Papers 173, Ruhr University Bochum, Institute of Development Research and Development Policy (IEE).
    4. Katarzyna Zawalinska, 1999. "Agriculture of the Czech Republic, Hungary and Poland in Perspective of Joining Common Agricultural Policy - with Some Fiscal Remarks," CASE Network Studies and Analyses 0178, CASE-Center for Social and Economic Research.
    5. Piazolo, Daniel, 1997. "Gaining credibility and enhancing economic growth through regional integration: The case for EU membership of Eastern Europe," Kiel Working Papers 837, Kiel Institute for the World Economy (IfW Kiel).
    6. French-German Economic Forum, 1999. "Reduction of Working Time," Working Papers 1999-13, CEPII research center.
    7. Pierre LESUISSE, 2017. "External Monetary Shocks to Central and Eastern European Countries," Working Papers 201705, CERDI.
    8. Pierre Lesuisse, 2019. "External Monetary Shocks to Central and Eastern European Countries," Working Papers halshs-01467330, HAL.

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