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Central, Eastern, and Southeastern European Countries’ Convergence: A Look at the Past and Considerations for the Future

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Listed:
  • Laura Papi

    (International Monetary Fund)

  • Emil Stavrev

    (International Monetary Fund)

  • Volodymyr Tulin

    (International Monetary Fund)

Abstract

CESEE countries have achieved substantial progress and their income and living standards have improved significantly since the beginning of transition. Nevertheless, convergence to high-income status is not assured. Strong demographic headwinds ahead and a subdued outlook for capital accumulation reinforce the need for productivity growth to converge to the income levels of advanced European countries. Better governance and institutions hold high promise to deliver the needed productivity growth, by spurring innovation, fostering competition, and retaining and attracting skilled workers.

Suggested Citation

  • Laura Papi & Emil Stavrev & Volodymyr Tulin, 2018. "Central, Eastern, and Southeastern European Countries’ Convergence: A Look at the Past and Considerations for the Future," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(2), pages 271-290, June.
    • Handle: RePEc:pal:compes:v:60:y:2018:i:2:d:10.1057_s41294-018-0068-2
    DOI: 10.1057/s41294-018-0068-2
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    Cited by:

    1. Istvan Konya, 2023. "Catching up or getting stuck: convergence in Eastern European economies," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 13(2), pages 237-258, June.
    2. 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.

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    More about this item

    Keywords

    Convergence; Central and eastern Europe; Total factor productivity; Demographics; Innovation; Institutions;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models

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