European integration and economic growth in emerging Europe: the role of institutions and policy factors

The purpose of this study is to contribute to an investigation of the role of European integration as a potential growth driver or convergence engine for emerging Europe. We classify emerging Europe into two groups of economies: (1) 11 new EU member states from Central and Eastern Europe; and (2) si...

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Bibliographic Details
Published in:Post-communist economies Vol. 36; no. 7; pp. 778 - 800
Main Authors: Stojkov, Aleksandar, Veljanovski, Marko, Warin, Thierry
Format: Journal Article
Language:English
Published: Abingdon Routledge 02.10.2024
Taylor & Francis Ltd
Subjects:
Accession
Candidates
Communism
Convergence
determinants of growth
Economic factors
Economic growth
European cultural groups
European integration
Membership
Political development
Postcommunist societies
Reforms
ISSN:1463-1377, 1465-3958
Online Access:Get full text
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Summary:The purpose of this study is to contribute to an investigation of the role of European integration as a potential growth driver or convergence engine for emerging Europe. We classify emerging Europe into two groups of economies: (1) 11 new EU member states from Central and Eastern Europe; and (2) six EU candidate countries from the Western Balkans. Our results are also highly relevant for the so-called 'association trio' within the EU's framework of Eastern partnership. The more specific research objectives are to explore (1) what the main driving forces behind growth dynamics in post-communist economies in Europe are; and (2) whether the experience of fast-reforming new EU member states can be replicated or adapted to the EU candidate countries. We provide evidence that the process of European integration holds strong transformative power to accelerate institutional progress and support economic growth.
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ISSN:1463-1377
1465-3958
DOI:10.1080/14631377.2024.2376974