An Assessment of the Economic Performance of the EU Baltic Region States

Autor: Pavel Druzhinin, Egor A. Prokopyev
Rok vydání: 2018
Předmět:
Cultural Studies
National Economy
History
Volkswirtschaftstheorie
productivity
Sociology and Political Science
Economics
Ostseeraum
Geography
Planning and Development
Baltic region
Wirtschaftsentwicklung
Western Europe
integration
Eastern Europe
National economy
0502 economics and business
European integration
production function
ddc:330
media_common.cataloged_instance
europäische Integration
European Union
050207 economics
European union
Effizienz
Westeuropa
Productivity
media_common
economic development (on national level)
Wirtschaftswachstum
Investition
05 social sciences
lcsh:International relations
Wirtschaft
investment
International economics
Investment (macroeconomics)
economic growth
Osteuropa
efficiency
Western europe
Produktivität
EU
General Economics
Econometrics and Finance
lcsh:JZ2-6530
050203 business & management
Social Sciences (miscellaneous)
Zdroj: Baltic Region
Baltijskij Region, Vol 10, Iss 1, Pp 4-18 (2018)
Popis: The paper explores how the common economic space, a product of the EU, influenced the economies of the Baltic Sea Region states in 1995—2015. The authors investigate changes in the economic performance of the developed (Germany, Denmark, Finland, and Sweden) and Eastern European countries (Poland, Latvia, Lithuania, Estonia) during the integration of the latter states into the EU. Performance dynamics is analyzed for eight EU Baltic Sea Region countries. Three Russian Baltic regions constitute a control group. The authors conduct a production-function-based comparative analysis of development dynamics in individual countries to identify distinctive features for each group. Despite a rapid growth of Eastern European economies, the difference between the region’s eastern and western countries remains substantial. Economic convergence between eastern and western EU countries in terms of investment does not lead to convergence in labour efficiency. The capital-labour ratio and the growth rate of labour efficiency in the Russian Baltic are close to the Eastern European average.
Databáze: OpenAIRE
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