productivity will thus be a very long term process. The growth performance in the three candidate countries in the most recent … years has been solid, after crises and turbulences in the second half of the 1990s. In 2003 real GDP growth reached 4.5% of … GDP in Bulgaria, 4.9% in Romania and 5.8% in Turkey. Growth in Turkey has, for many years, been fluctuating sharply. So as …

growth in central and eastern Europe. For the aggregated level, analysis determines the share of national productivity gaps … accountable to acceding countries' particular sectoral patterns, and their role for aggregate productivity growth: in Poland … productivity catch-up. Moreover, past productivity growth was dominated by a downward adjustment in employment rather than …

suffer from the absence of large world-class companies, but rather from the absence of growing companies in new high … stimulating and disciplining environment for large companies while at the same time facilitating the growth of young innovative …