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Author: Mr.Günther Taube
Publisher: International Monetary Fund
ISBN: 1451857381
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment.
Author: Mr.Günther Taube
Publisher: International Monetary Fund
ISBN: 1451857381
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment.
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN: 9789279133688
Category : Economic analysis
Languages : en
Pages : 25
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Book Description
"This paper investigates the accession-related economic boom in the countries which recently entered the European Union. The analysis tests whether, on top of the standard growth determinants, the period of EU accession made a significant difference to the growth performance of the New Member States (NMS). The paper finds that the period of EU accession is characterised by significantly larger growth rates of per-capita GDP, even after controlling for a wide range of economic and institutional factors. This effect is robust and particularly strong for countries with relatively low initial income levels, weak institutional quality and less advanced financial development, suggesting that EU accession has been speeding up the catching-up process and improved the institutions of the laggards among the NMS. The prospect of EU membership which has triggered large capital inflows seems to have fostered economic growth of those NMS with lower degrees of financial depth."--Publication information page.
Author: René Weber
Publisher:
ISBN:
Category : Estonia
Languages : en
Pages : 48
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Book Description
Author: René Weber
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
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Book Description
This paper assesses the macroeconomic impact and policy challenges related to Estonia`s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia`s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment.
Author: La-Bhus Fah Jirasavetakul
Publisher: International Monetary Fund
ISBN: 1484373324
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.
Author: Helena Tang
Publisher: World Bank Publications
ISBN: 9780821344279
Category : Political Science
Languages : en
Pages : 348
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Book Description
The contributors include researchers from the ten CEECs, as well as from current EU member countries."--BOOK JACKET.
Author: Michael Landesmann
Publisher: Palgrave Macmillan
ISBN: 9783030576851
Category : Political Science
Languages : en
Pages : 328
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Book Description
This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage
Author: Jozef M. van Brabant
Publisher: Rowman & Littlefield
ISBN: 9780847693245
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
A watershed in efforts to integrate "Europe", the plans to widen the EU will inevitably conflict with forces for deepening integration. Focusing on economic factors, this volume explores the key questions of widening, including why the negotiations are likely to be contentious for all concerned.
Author: C. Neuhold
Publisher: Springer
ISBN: 1137289139
Category : Political Science
Languages : en
Pages : 777
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Book Description
This handbook offers a comprehensive picture of the European activities of national parliaments in all 28 member states of the European Union. In the aftermath of the Lisbon Treaty, it assesses the extent to which national legislatures actually matter in European governance.
Author: Kenneth Dyson
Publisher: Oxford University Press
ISBN: 0199208867
Category : Business & Economics
Languages : en
Pages : 495
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Book Description
The Euro Area is ten years old. This major new reappraisal by some of the world's leading scholars examines the effects of the new European single currency on the member states of the European Union in its first decade.
