European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe


Book Description

We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced Schumpeterian (vertical) waves of product innovation. The growth of non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that the gap observed in industrial output performance when comparing Eastern European to former Soviet countries is mainly explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period.







European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe


Book Description

We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989-95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced Schumpeterian (vertical) waves of product innovation. The growth of non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that the gap observed in industrial output performance when comparing Eastern European to former Soviet countries is mainly explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period.




IMF Staff Papers, Volume 46, No. 1


Book Description

This economic journal contains theoretical and empirical analyses of varous macroeconomic issues. The studies are prepapred by IMF research staff or consultants. Subjects covered inclulde balance of payments and exchange rates, monetary systems and policies, public finances, international trade, economic growth, and some sectoral analyses. The last issue of the year contains an index to the volume. Approximately 200 pages in each issue.







External Evaluation of IMF Economic Research Activities


Book Description

This report, commissioned by the Executive Board, was prepared by a committee of academic economists. The report assesses the appropriateness of current research activities, the quality and added value of the IMF's economic research and its utility in the IMF among its member countries and within the wider economics community. This publication also includes responses to the report by the IMF's staff, Managing Director, and Executive Board.




Southern Engines of Global Growth


Book Description

The volume explores how the Southern Engines, China, India, Brazil, and South Africa are reshaping the world economy. It looks at their development experiences, and examines how these could provide useful lessons to the developing world.




Foreign investment in eastern and southern Europe after 2008.


Book Description

This book investigates the role that foreign direct investment (FDI) in central-eastern and southern Europe has played in the post-crisis period, comparing patterns across countries and sectors. An overarching objective of this publication is to assess the extent to which FDI can still be seen as a key driver of economic development, modernisation and convergence for Europe’s low- and middle-income economies, taking into account also the risks and limiting factors associated with FDI.




Network Dynamics in Emerging Regions of Europe


Book Description

This important book focuses on post-Lisbon Agenda issues of alignment and misalignment on different dimensions of European society and the European economy, including industrial systems, R&D systems, educational systems and job markets. It also looks in particular at the peripheral regions of Europe ? the less developed parts of ?old? Europe, the parts of old Europe that are outside or only half-inside the EU, the new member-states of the EU, and Turkey as the most important EU candidate country. It takes as its methodological starting point the theory of network alignment as developed in SPRU, notably by Nick von Tunzelmann, and builds on this to produce an incisive assessment of the institutions, individual actors and markets that drive the knowledge economy. In all of this, it sets the European picture firmly in the context of global developments in investment, labour and intellectual property flows. Key authors include the editor himself, von Tunzelmann, Andrea Salavetz of the Hungarian Academy of Sciences and Matija Rojec of the University of Ljubljana, Slovenia.




The Technology of Transition


Book Description

This book addresses the crucial question of how countries which have suffered losses in productivity levels and innovatory momentum over perhaps twenty-thirty years can rediscover their dynamism. Because the contributors have the immediate experience of tackling such complex problems and possess first-hand knowledge of a wide range of developmental patterns, each is well-placed to advise on the search for comprehensive solutions. The book not only focuses on the problems of innovation and technology transfer as they are reflected in the experience of the transition period to date, but also develops conceptual and strategic approaches to problems which will take a generation or more to resolve.