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Openness to Globalization and Regional Growth Patterns in CEE Countries: From the EU Accession to the Economic Crisis

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  • Roberta Capello
  • Giovanni Perucca

Abstract

In the last decades a deep process of institutional reforms and economic reorganization took place in central and eastern EU countries (CEE). These changes occurred in a context of general economic integration. On the one hand, the European Union enlargement programme was launched and all CEE countries applied to become EU member between 1994 and 1996. On the other hand, the globalization of the world economy characterized this historical phase. This article explores to what extent openness to global markets mediated the impact of EU integration on the economic performance of CEE regions in different periods. The periods examined are defined by the main institutional changes that occurred on the road towards EU integration. Results show that globally open regions performed better than the others, at least in the first two periods analyzed.

Suggested Citation

  • Roberta Capello & Giovanni Perucca, 2015. "Openness to Globalization and Regional Growth Patterns in CEE Countries: From the EU Accession to the Economic Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 53(2), pages 218-236, March.
    • Handle: RePEc:bla:jcmkts:v:53:y:2015:i:2:p:218-236
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    2. Simionescu Mihaela, 2018. "What Drives Economic Growth in Some CEE Countries?," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 28(1), pages 46-56, March.
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