Politická ekonomie
Politická ekonomie
Prague Economic Papers
University of Economics, Prague

Prague Economic Papers Vol. 12 No. 1

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

DOI: https://doi.org/10.18267/j.pep.203

Full text

Vladimír Benáček

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: development, economic history, enlargement, European Union, growth

JEL Classification: E31, N10, O11, P52