The EU member states in CESEE have converged relatively rapidly to the global frontier, some even during the recent crisis. Some, but not all, are well positioned to enjoy continued convergence. Nevertheless, convergence bottlenecks are emerging and continued reforms efforts will be needed...

The paper presents an analysis of real income convergence between the 11 countries of Central Eastern Europe which have joined the European Union (EU11) and 15 countries of Western Europe (EU15) in the period 1993-2015. The evolution of the income gap between the two groups of countries in terms...

Although twenty years have elapsed since the beginning of transition, Eastern European and Central Asian countries are still characterized by remarkably heterogeneous levels of economic development. In the light of the established causal relationship between finance and growth, we perform an...

This paper provides comparative analysis of the proximate causes of growth of South East European, Central European and Former Soviet Union countries. The first section covers comparative sources of growth analysis for GDP. Apart from this conventional sources-of-growth analysis, both the demand...