Prague Economic Papers 2003, 12(1):3-17 | DOI: 10.18267/j.pep.203

Historical perspectives of growth, integration and policies for catching-up in transition countries

Vladimír Benáček
Faculty of Social Sciences, Charles University, Opletalova 26, CZ - 110 00 Prague 1 and IIASA, Laxenburg, Austria (e-mail: benacek@iiasa.ac.at).

This paper is aimed at addressing general characteristics of growth and development that concerns all transition countries before their accession to the EU when their convergence to the EU average gross domestic product (GDP) per capita is expected. By looking back at the GDP statistics of major industrial countries for the last 90 years, a question is posed why some countries get on a path of a fast growth while some others go from one secular crisis to another. In assessing the policies supporting growth it is concluded that conditions on the company and industry level are more important than national macroeconomic policies.

Keywords: European Union, economic history, development, growth, enlargement
JEL classification: E31, N10, O11, P52

Published: January 1, 2003  Show citation

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Benáček, V. (2003). Historical perspectives of growth, integration and policies for catching-up in transition countries. Prague Economic Papers, 12(1), 3-17. doi: 10.18267/j.pep.203
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