Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128190
Authors: 
Radziwill, Artur
Smietanka, Paweł
Year of Publication: 
2009
Series/Report no.: 
CASE Network Studies & Analyses 386
Abstract: 
This paper provides the quantitative estimate of the potential growth bonus for CIS countries, and in particular EU's Easter Neighbours, that can be a result of deeper institutional harmonisation with the EU. Econometric investigation involving instrumental variable, simultaneous equation and dynamic panel techniques documents the strong positive link between growth performance and reforms, as well as between reforms and European integration. The paper derives the range of possible values of growth bonus from the deepened neighbourhood cooperation between 1 and 3.8 with the median at 1.8 percentage points. The least growth bonus is expected through basic liberalization reforms, while countries with a considerable institutional gap are likely to gain the most.
Subjects: 
institutions
reform
growth
transition
integration
neighbourhood
dynamic panel
JEL: 
F59
O19
O49
O57
P21
P26
P27
Document Type: 
Research Report

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